证券日报网讯 2月10日，中百集团在互动平台回答投资者提问时表示，公司持续深化业态模式创新，并 于2024年7月份启动自主调改实践，与胖东来没有深入合作。2024年，公司完成10家仓储大卖场调改， 中百邻里汇形象全新亮相，完成42家社区超市闭店调改。2025上半年，公司持续推进门店调改调优，完 成14家仓储业态、55家社区超市业态调改，调改门店来客数明显改观，毛利率水平接近预期，日均销售 额有所增长。围绕2026年调改目标，公司正在细化完善工作方案。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 2月10日，中百集团在互动平台回答投资者提问时表示，公司根据自身经营发展实际、资 金安排等因素，在符合相关法律法规和《公司章程》规定的情况下回报投资者。 ...

证券之星消息，中百集团(000759)02月09日在投资者关系平台上答复投资者关心的问题。 投资者提问：尊敬的董秘，财政部等五部门发布关于口岸进境免税店有关事宜的通知称，在武汉天河国 际机场等41个口岸各新设1家口岸进境免税店。请问贵司作为武汉国企，是否可以结合政策把握机会， 去争取免税店运营的资格？提升中百集团在免税业务的布局？用以提高业绩提振股价回馈投资者的信任 和支持！！ 中百集团回复：目前公司主营业务仍聚焦于有税商品经营，尚未开设免税店，现阶段也没有布局计划。 感谢关注。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

格隆汇2月10日丨中百集团(000759.SZ)在投资者互动平台表示，公司持续深化业态模式创新，并于2024 年7月份启动自主调改实践，与胖东来没有深入合作。 2024年，公司完成10家仓储大卖场调改，中百邻 里汇形象全新亮相，完成42家社区超市闭店调改。2025上半年，公司持续推进门店调改调优，完成14家 仓储业态、55家社区超市业态调改，调改门店来客数明显改观，毛利率水平接近预期，日均销售额有所 增长。围绕2026年调改目标，公司正在细化完善工作方案。 ...

格隆汇2月10日丨中百集团(000759.SZ)在投资者互动平台表示，目前公司主营业务仍聚焦于有税商品经 营，尚未开设免税店，现阶段也没有布局计划。 ...

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index up by 0.11%, the Shenzhen Component Index up by 0.65%, and the ChiNext Index also up by 0.65% as of midday [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.38 trillion yuan, a decrease of 63.3 billion yuan compared to the previous trading day, with over 3,800 stocks rising [2] Sector Performance - Active sectors included lithium batteries, energy metals, humanoid robots, and fintech, while traditional sectors like liquor, retail, and AI application stocks weakened [1] - The Chinese medicine and chemical sectors showed notable gains, with the Chinese medicine sector rising by 2.52% [2][7] - The small metals sector rebounded, with stocks like Xianglu Tungsten and Zhangyuan Tungsten hitting the daily limit [7] Notable Stocks - Mingdiao Co. experienced significant trading activity, achieving a "limit-up" with nearly 700 million yuan in transactions and marking its fifth consecutive trading day of gains [3] - Jiangfeng Electronics saw a slight increase of 0.09% after announcing plans to acquire control of Kaide Quartz [9] Economic Indicators - The industrial development plan for traditional Chinese medicine aims for a collaborative development system by 2030, which may positively impact the sector [7]

Group 1 - The retail sector experienced significant volatility, with major companies such as Baida Group and Sanjiang Shopping both hitting the daily limit down [1] - Other companies including Youhao Group and Guoguang Chain also reached their daily limit down, indicating a broader trend of decline in the retail market [1] - Additional retailers like Xinhua Department Store, Guangbai Shares, Dongbai Group, Shanghai Jiubai, and Zhongbai Group followed suit with declines [1]

黑镜律师观察 杨洋/文 2026年伊始，一纸来自湖北省武汉市中级人民法院的《刑事判决书》，将上市公司中百集团推至公众视 野的焦点。 在中百集团的案例中，这一特性被内鬼巧妙利用：从采购订单生成、到货实物验收、再到验收单据与供 应商结算单的勾对、最终完成付款，链条上的每一环节都因"非标"而变得模糊，从而为舞弊留下了空 间。比如：虚假勾对验收单据，意味着一些实际未到货或短斤少两的商品，在系统里完成了"合格入 库"。伪造审批人签字，则绕过了本应起监督作用的审核关卡。虚增供应商更是构建了一个脱离实物交 割的资金侵占通道。 这些手法本身并不高明，却在零售行业中广泛存在，一个原因可能在于企业将风险控制建立在"信任"而 非"制衡"之上，以至于内控流程形同虚设。 一场持续8年、金额高达2.19亿元的职务侵占大案让资本市场为之震动，主犯邵某某被判处无期徒刑， 同案犯分别获刑。 司法正义虽已彰显，但判决书背后更为残酷的现实引人深思：根据中百集团公告，预估可追回资金仅为 5022.49万元，这意味着近1.6亿元的巨额损失可能无法追回。对于一个连续多年亏损、正处于艰难转型 期的传统零售企业而言，这不啻于一场劫难。 中百集团的案例以极其 ...

杨洋/文 2026年伊始，一纸来自湖北省武汉市中级人民法院的《刑事判决书》，将上市公司中百集团推至公众视野的焦点。 一场持续8年、金额高达2.19亿元的职务侵占大案让资本市场为之震动，主犯邵某某被判处无期徒刑，同案犯分别获刑。 司法正义虽已彰显，但判决书背后更为残酷的现实引人深思：根据中百集团公告，预估可追回资金仅为5022.49万元，这意味着近1.6亿元的巨额损失可能无 法追回。对于一个连续多年亏损、正处于艰难转型期的传统零售企业而言，这不啻于一场劫难。 中百集团的案例以极其惨痛的代价拉开了一道审视企业内控的疮疤——因忽视企业反舞弊所导致的系统性失血，可能比企业管理中常见的其他风险更为致 命。 中百集团职务侵占案的核心警示在于：当"事后惩戒"的刑罚不足以弥补企业"事前防控"缺失所造成的巨大窟窿时，广大企业家应该从根本上重新审视企业反 舞弊合规体系的战略价值。 生鲜供应链内控短板 中百集团公告所揭示的案情，指向了传统零售业数字化转型中的阵痛环节——生鲜非标品供应链。 被告人邵某某"发现并利用供应商结算系统漏洞，针对生鲜非标品采购与结算的特殊性，通过虚假勾对验收单据、伪造审批人签字、虚增供应商等隐蔽手 段"，完 ...

Core Insights - The consumer index data from Worldpanel indicates that the sales of China's urban fast-moving consumer goods market will grow by 1.5% year-on-year in 2025, maintaining a stable development trend [1] - The contribution rate of final consumption expenditure to economic growth has reached 52.0%, an increase of 5.0 percentage points compared to 2024, making it the main driver of economic growth [2] - The retail market is experiencing a dual trend of "acceleration" and "braking," with retailers focusing on high-potential areas while optimizing existing resources [13][15] Market Performance - In 2025, the sales growth rate in the eastern and northern regions will exceed the overall growth rate, with lower-tier cities showing a sales growth rate of 1.9%, indicating ongoing potential in the sinking market [1] - The beverage and food categories are leading growth, with annual sales increasing by 3.6% and 3.1% respectively [1] - The modern channel sales in urban areas will see a slight decline of 0.3% in 2025, with small supermarkets capturing the demand for daily household consumption [4] Retailer Dynamics - Walmart has surpassed the Gao Xin Retail Group, with its Sam's Club maintaining rapid sales growth, increasing its market share in modern channels by 1 percentage point compared to the previous year [4] - The top ten retailers are experiencing a continuous decline in market share, with a 0.7 percentage point drop in modern channels [5] - Local retailers like Anhui Hejiafu and Hubei Huangshang are maintaining their market share in modern channels, showcasing their competitive edge [8] Consumer Behavior Trends - The consumer demand is diversifying, with new consumption scenarios emerging, particularly in out-of-home dining, which is expected to see a 6% year-on-year increase in customer flow in 2025 [2] - The penetration rate of the pre-positioned warehouse model has reached 9%, a year-on-year increase of 2.2 percentage points, indicating a shift in consumer shopping habits towards instant delivery [10] - The retail industry is evolving towards a "near-field optimization and far-field expansion" model, focusing on precise consumer engagement and comprehensive coverage [9] Strategic Shifts - Retailers are increasingly focusing on developing private labels, with the penetration rate of private brands reaching 56.8%, up over 11 percentage points from the previous year [14] - The discount retail format remains popular among consumers, with penetration rates for bulk snack stores and discount stores increasing by 4.8 and 2.9 percentage points respectively [14] - The integration of online and offline channels is deepening, with platforms like Taobao and JD.com transforming into comprehensive service platforms [17][18] Future Outlook - The retail market is expected to continue its dual path of "acceleration" and "braking," with ongoing adjustments and optimizations [15] - The focus will shift towards building emotional connections with consumers and enhancing demand response efficiency, moving from merely meeting needs to anticipating them [11][12] - The competition in the retail sector will become more complex and diverse, requiring brands and retailers to innovate and enhance service experiences to maintain competitive advantages [20][21]