格隆汇10月28日｜中百集团：第三季度营收为19.34亿元，下降20.08%；净利润亏损3.25亿元。前三季 度营收为65.52亿元，下降19.41%；净利润亏损5.8亿元。 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 中百控股集团股份有限公司（以下简称"公司"）第十一届董事会第十三次 会议于 2025 年 10 月 28 日以通讯表决的方式召开。本次会议通知于 2025 年 10 月 24 日以电子邮件的方式发出。应参加表决董事 8 名，实际表决董事 8 名。参 加会议的董事符合法定人数，董事会的召集、召开及表决程序符合《公司法》及 《公司章程》的规定。会议审议通过了以下议案： 证券代码：000759 证券简称：中百集团 公告编号：2025-035 中百控股集团股份有限公司 第十一届董事会第十三次会议决议公告 中百控股集团股份有限公司 董 事 会 2025 年 10 月 29 日 一、关于 2025 年第三季度报告的议案。 表决结果：8 票同意，0 票反对，0 票弃权。 本议案已经公司审计委员会审议通过。《中百控股集团股份有限公司 2025 年第三季度报告》（公告编号：2025-036）详见同日巨潮网公告。 二、关于公司经营层 2024 年度绩效薪酬兑付的议案。 本议案已经公司薪酬与考核委员会审议通过。该事项关联董事汪梅方先 ...

Group 1 - The core point of the article indicates that Zhongbai Group reported a significant decline in both revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue was 1.934 billion yuan, representing a decrease of 20.08% [1] - The net profit for the third quarter was a loss of 325 million yuan, down 71.33% [1] - For the first three quarters, the total revenue was 6.552 billion yuan, which is a decline of 19.41% [1] - The net profit for the first three quarters showed a loss of 580 million yuan, reflecting a decrease of 74.83% [1]

Financial Performance - The company's operating revenue for the third quarter was ¥1,934,134,555.38, a decrease of 20.08% compared to the same period last year[3] - The net profit attributable to shareholders was -¥324,786,286.71, representing a decline of 71.33% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥256,198,160.53, down 40.31% from the previous year[3] - The net cash flow from operating activities decreased by 80.20% year-on-year, amounting to ¥118,540,321.43[3] - Basic earnings per share were -¥0.49, a decrease of 75.00% compared to the same period last year[3] - The company's net loss attributable to shareholders was CNY -741,934,627.05, compared to a loss of CNY -162,277,774.42 in the previous period[15] - The net profit for the current period is -580,579,028.94, compared to -331,790,438.03 in the previous period, indicating a significant increase in losses[17] - The total comprehensive income for the current period is -580,579,028.94, compared to -331,790,438.03 in the previous period, reflecting a worsening financial position[18] - Basic and diluted earnings per share are both -0.87, compared to -0.49 in the previous period, showing a decline in profitability[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,468,925,133.02, down 11.54% from the end of the previous year[3] - Current assets decreased to CNY 2,484,807,460.34 from CNY 3,259,433,391.73, a decline of 23.8%[12] - Total liabilities decreased to CNY 8,218,399,221.46 from CNY 8,874,977,765.67, a decline of 7.4%[14] - The equity attributable to shareholders decreased by 32.20% to ¥1,212,141,377.27 compared to the end of the previous year[3] Cash Flow - Cash flow from operating activities generated a net cash inflow of 118,540,321.43, down from 598,694,644.99 in the previous period[19] - Cash flow from investing activities resulted in a net outflow of -24,135,624.14, compared to -176,098,241.43 in the previous period, indicating improved cash management[19] - Cash flow from financing activities showed a net outflow of -334,420,478.78, compared to -434,376,357.39 in the previous period, suggesting reduced financing costs[19] - The total cash and cash equivalents at the end of the period is 634,465,999.17, down from 1,176,697,442.60 in the previous period, indicating a decrease in liquidity[19] - The company's cash and cash equivalents were CNY 704,469,802.15, down from CNY 945,847,341.30, a decrease of 25.5%[12] Operational Challenges - The company reported a significant loss due to ongoing store closures and increased fixed costs, leading to a 74.83% decline in net profit year-on-year[6] - The company is undergoing a transformation in its business model and exploring new business formats amid intense industry competition[6] - The company reported a significant credit impairment loss of -41,422,135.81, compared to -6,237,734.62 in the previous period, indicating increased credit risk[17] - The operating profit for the current period is -436,767,079.62, compared to -281,753,865.50 in the previous period, highlighting a deterioration in operational performance[17] Strategic Initiatives - The company plans to repurchase and cancel 111,000 restricted shares due to changes in the personal circumstances of some incentive targets[9] - The company is focusing on market expansion and new product development strategies to improve future performance[10] Cost Management - Total operating costs amounted to CNY 6,983,145,039.17, down from CNY 8,446,839,934.27, reflecting a reduction of 17.3%[15] - The company reported a significant reduction in sales expenses to CNY 1,384,150,747.66 from CNY 1,544,130,768.76, a decrease of 10.4%[15] - Inventory levels dropped significantly to CNY 1,063,854,941.30 from CNY 1,516,769,406.81, a reduction of 30%[13] - Long-term equity investments fell to CNY 69,298,763.31 from CNY 151,302,873.65, a decrease of 54.3%[12] Interest and Earnings - Interest income for the current period is 7,519,656.05, compared to 22,143,956.27 in the previous period, reflecting a decline in interest earnings[17]

Core Viewpoint - Zhongbai Group's stock has experienced significant volatility, with a year-to-date decline of 43.88%, reflecting challenges in the retail sector and financial performance [1][2]. Financial Performance - As of September 30, Zhongbai Group reported a revenue of 4.618 billion yuan for the first half of 2025, a year-on-year decrease of 19.13%, and a net profit attributable to shareholders of -255 million yuan, down 79.50% year-on-year [2]. - The company has not distributed any dividends in the past three years, with a total payout of 919 million yuan since its A-share listing [3]. Stock Market Activity - On October 24, Zhongbai Group's stock price fell by 2.00% to 7.34 yuan per share, with a trading volume of 194 million yuan and a turnover rate of 3.99%, resulting in a total market capitalization of 4.863 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" 18 times this year, with the most recent appearance on April 14, where it recorded a net purchase of 533.776 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Zhongbai Group was 90,300, a decrease of 9.51% from the previous period, while the average circulating shares per person increased by 10.51% to 7,258 shares [2]. Business Overview - Zhongbai Group, established on January 9, 1990, and listed on May 19, 1997, is primarily engaged in commercial retail, operating large chain supermarkets and comprehensive department stores, with additional involvement in pharmaceuticals, logistics, property management, and import-export trade [1]. - The company's main business revenue composition includes 91.07% from merchandise sales and 8.93% from other income [1].

Market Overview - The general retail sector increased by 1.39% on October 21, with Guoguang Chain leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Top Performers - Guoguang Chain (605188) closed at 20.35, up 10.00% with a trading volume of 409,500 shares and a transaction value of 802 million yuan [1] - Agricultural Products (000061) also rose by 10.00%, closing at 9.02 with a trading volume of 353,900 shares [1] - Zhongbai Group (000759) increased by 9.99%, closing at 7.82 with a trading volume of 999,400 shares [1] Underperformers - Ningbo Zhongbai (600857) saw a decline of 9.98%, closing at 15.42 with a trading volume of 177,300 shares [2] - Huijia Times (603101) decreased by 2.77%, closing at 11.94 with a trading volume of 365,100 shares [2] - Xiaoshangpin City (600415) fell by 2.23%, closing at 18.84 with a trading volume of 587,700 shares [2] Capital Flow - The general retail sector experienced a net inflow of 763 million yuan from institutional investors, while retail investors saw a net outflow of 322 million yuan [2][3] - Major stocks like Zhongbai Group had a net inflow of 316 million yuan from institutional investors, but a net outflow of 192 million yuan from retail investors [3] - Guoguang Chain had a net inflow of 151 million yuan from institutional investors, with significant outflows from both retail and speculative investors [3]

Core Points - Zhongbai Group's stock price has decreased by 43.43% this year, with a recent increase of 3.64% over the last five trading days [2] - The company has been active on the trading leaderboard, appearing 18 times this year, with the latest appearance on April 14, where it recorded a net purchase of 53.38 million yuan [2] - As of September 30, the number of shareholders decreased by 9.51% to 90,300, while the average circulating shares per person increased by 10.51% to 7,258 shares [2] Financial Performance - For the first half of 2025, Zhongbai Group reported a revenue of 4.618 billion yuan, a year-on-year decrease of 19.13%, and a net profit attributable to shareholders of -255 million yuan, down 79.50% year-on-year [2] - The company has cumulatively distributed 919 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Market Activity - On October 15, Zhongbai Group's stock rose by 2.07%, reaching 7.40 yuan per share, with a trading volume of 109 million yuan and a turnover rate of 2.27%, resulting in a total market capitalization of 4.903 billion yuan [1] - The net inflow of main funds was 8.8125 million yuan, with large orders accounting for 16.90% of purchases and 14.06% of sales [1]

Group 1 - The company, Zhongbai Group (000759), reported that as of the end of September 2025, the number of shareholders is 90,332 [1]

Core Insights - The duty-free shop concept index rose by 0.76%, ranking 10th among concept sectors, with 22 stocks increasing in value, led by Bubu Gao, Hainan Development, and Caesar Travel, which rose by 3.31%, 2.52%, and 2.42% respectively [1] - The duty-free shop sector experienced a net outflow of 2.3966 million yuan in capital, with 14 stocks seeing net inflows, and 6 stocks receiving over 10 million yuan in net inflows, led by Tibet Summit with 36.3033 million yuan [2][3] - The leading stocks in terms of net inflow ratio included Wushang Group, Zhu Mian Group, and Caesar Travel, with net inflow ratios of 6.42%, 6.22%, and 5.90% respectively [3] Sector Performance - The duty-free shop sector's performance was notable, with a total of 22 stocks increasing, while the top gainers included Bubu Gao, Hainan Development, and Caesar Travel [1] - The overall market saw various concept sectors with differing performances, such as the cultivated diamond sector rising by 3.74% and the national big fund holding sector declining by 5.47% [2] - The duty-free shop sector's net capital outflow indicates a mixed sentiment among investors, despite some individual stocks performing well [2][3] Stock Specifics - Key stocks in the duty-free shop sector included Tibet Summit, Caesar Travel, and Bubu Gao, which had significant net inflows of capital [2][3] - The stock performance varied, with some stocks like Nanning Department Store and ST Huayang experiencing declines of 1.91% and 1.41% respectively [1][4] - The trading volume and turnover rates for leading stocks in the duty-free sector were also highlighted, with Tibet Summit showing a turnover rate of 9.33% [3]

Core Insights - The company is actively developing its online-to-home business, having launched the "Zhongbai Neighborhood Purchase" and "Baobao Life" mini-program platforms, and is focusing on front warehouse layouts to achieve online and offline synergy [1] - The company is breaking the "one-size-fits-all" model, adopting a "thousand stores, thousand faces" and "one store, one strategy" approach as the core direction for transformation [1] - Both large and small supermarket formats are intensifying efforts in the discount store sector, with Zhongbai Supermarket's hard discount stores focusing on community living essentials and employing a "category concentration" strategy [1] - The company aims to create core low-price advantages by controlling costs and quality from the source, allowing for consumer benefits [1] - Zhongbai's warehouse stores are designed to meet family one-stop shopping needs and immersive shopping experiences, gradually upgrading and adjusting to integrate commercial, community, and social functions [1] - The company is implementing an internal "racehorse mechanism" to allow its two major supermarket formats to pilot projects based on their respective supply chains, testing feasible transformation paths through market validation [1]