Group 1 - The core viewpoint of the articles indicates that Beijing Hualian Commercial Co., Ltd. (华联股份) is experiencing a decline in revenue and net profit as of the first quarter of 2025, with total operating revenue of 333 million yuan, a year-on-year decrease of 9.74%, and a net profit attributable to shareholders of 3.06 million yuan, down 75% year-on-year [1] - The company's liquidity ratios are reported with a current ratio of 1.255 and a quick ratio of 0.942, indicating potential liquidity concerns [1] - The asset-liability ratio stands at 44.50%, suggesting a moderate level of financial leverage [1] Group 2 - The stock price of Hualian shares closed at 1.94 yuan, reflecting a 1.04% increase, with a trading volume of 602,200 hands and a transaction amount of 116 million yuan [1] - The net inflow of main funds today was 12.27 million yuan, accounting for 10.54% of the transaction amount, with significant contributions from large orders [1] - The company has made investments in 39 enterprises and has participated in three bidding projects, indicating active engagement in business expansion [2]

金融界消息 截至2025年7月29日收盘，华联股份（000882）报收于1.96元，下跌1.01%，换手率3.13%， 成交量85.53万手，成交金额1.67亿元。 来源：金融界 资金流向方面，今日主力资金净流出1551.65万元，占比成交额9.3%。其中，超大单净流出2071.69万 元、占成交额12.41%，大单净流入520.04万元、占成交额3.12%，中单净流出流入640.57万元、占成交 额3.84%，小单净流入911.08万元、占成交额5.46%。 华联股份最新一期业绩显示，截至2025一季报，公司营业总收入3.33亿元、同比减少9.74%，归属净利 润306.35万元，同比减少75.00%，扣非净利润405.73万元，同比减少131.39%，流动比率1.255、速动比 率0.942、资产负债率44.50%。 天眼查商业履历信息显示，北京华联商厦股份有限公司，成立于1998年，位于北京市，是一家以从事新 闻和出版业为主的企业。企业注册资本273735.1947万人民币，实缴资本273735.1947万人民币。公司法 定代表人为范熙武。 通过天眼查大数据分析，北京华联商厦股份有限公司共对外投资了39 ...

[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for H1 2025, with attributable net profit expected to be a **RMB 20-30 million loss**, reversing from prior year's profit 2025 Semi-Annual Performance Forecast | Item | Current Period (Jan 1, 2025 - Jun 30, 2025) | Prior Year Period (Jan 1, 2024 - Jun 30, 2024) | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 20.00 million – RMB 30.00 million | Profit: RMB 31.7557 million | | **Net Profit Excluding Non-Recurring Items** | Loss: RMB 30.00 million – RMB 40.00 million | Profit: RMB 19.3658 million | | **Earnings Per Share** | Loss: RMB 0.0073/share - RMB 0.0110/share | Profit: RMB 0.0116/share | - The company's performance forecast indicates a **transition from profit to loss** in the first half of 2025[2](index=2&type=chunk) - Prior year period data has been **retrospectively adjusted** due to a business combination under common control in 2024[2](index=2&type=chunk) [Communication with Accounting Firms](index=1&type=section&id=Item%202.%20Communication%20with%20Accounting%20Firms) This performance forecast's financial data is a preliminary company estimate and remains unaudited - The financial data related to this performance forecast has **not been audited** by a certified public accountant[3](index=3&type=chunk) [Reasons for Performance Change and Future Outlook](index=1&type=section&id=Item%203.%20Reasons%20for%20Performance%20Change%20and%20Future%20Outlook) The company attributes its H1 2025 loss to market weakness, project renovations, and increased operational costs across its core businesses - Primary reasons for performance decline[4](index=4&type=chunk)[5](index=5&type=chunk) - **Shopping Mall Business**: Significant pressure on profitability due to a cautious domestic consumer market and ongoing operational renovations for some projects - **DT Business**: Increased preparation expenses resulting from rapid new store expansion - **Cinema Business**: Noticeable decline in revenue from cinema operations due to a sluggish domestic film box office in Q2 2025 - Future strategies include[5](index=5&type=chunk) - **Shopping Malls**: Focusing on content and category management, adjusting business formats, and enhancing operational quality to improve occupancy rates and revenue while controlling costs - **DT Business**: Continuing to expand new projects, strengthening synergy with shopping malls, and managing the impact of new stores on current period performance - **Cinema Business**: Capitalizing on the summer box office recovery, enhancing business linkage with shopping malls, and improving operating revenue and profitability [Risk Warning and Other Related Information](index=2&type=section&id=Item%204.%20Risk%20Warning%20and%20Other%20Related%20Information) This performance forecast is a preliminary financial estimate, with final data in the 2025 semi-annual report, advising investors to note investment risks - This performance forecast represents a **preliminary estimate** by the company's financial department, with definitive performance data subject to the 2025 semi-annual report[6](index=6&type=chunk) - The company advises investors to **exercise caution** in their decisions and be aware of investment risks[6](index=6&type=chunk)

Overview of the Guarantee Situation - Beijing Hualian Commercial Co., Ltd. (the "Company") is providing a guarantee for its wholly-owned subsidiary Anhui Hualian Shopping Plaza Co., Ltd. (the "Anhui Hualian") to apply for financing of up to 100 million RMB from Haitong Hengxin International Leasing Co., Ltd. The financing term is 2 years [2][6] - The Company and its controlling shareholder, Beijing Hualian Group Investment Holding Co., Ltd., will provide joint liability guarantee for this financing, while another wholly-owned subsidiary, Shanxi Hualian Shopping Center Co., Ltd., will provide mortgage guarantee using its land use rights [2][6] Basic Information of the Guaranteed Party - Anhui Hualian was established on June 4, 1999, with a registered capital of 263.0688 million RMB. It operates as a limited liability company and is fully owned by the Company [3] - The business scope includes various services such as commercial complex management, retail sales, and property management [3] Financial Data of Anhui Hualian - As of the end of 2024, Anhui Hualian reported total assets of 1.0337 billion RMB and total liabilities of 989.966 million RMB, with a net asset of 43.7339 million RMB. The company generated operating revenue of 25.6548 million RMB but reported a net loss of 55.8503 million RMB for the year [4] Guarantee Agreement Details - The total guarantee amount is capped at 100 million RMB, with a debt performance period of 2 years. The guarantee will be provided by the Company and its controlling shareholder, while Shanxi Hualian will offer mortgage collateral [6] - The Company has followed internal control procedures for this guarantee, ensuring that it is aware of Anhui Hualian's operational and credit status, and believes the risk is manageable [6] Cumulative External Guarantee Amount - As of the announcement date, the total guarantee amount provided by the Company and its subsidiaries is 3.05 billion RMB, with 1.6 billion RMB guaranteed for the controlling shareholder and 1.45 billion RMB for subsidiaries. The actual guarantees amount to 1.5 billion RMB and 548 million RMB, respectively, representing 21.79% and 7.96% of the Company's audited net assets for 2024 [6]

股票代码：000882 股票简称：华联股份 公告编号：2025-036 1、安徽华联基本情况 公司名称：安徽华联购物广场有限公司 成立日期： 1999-06-04 注册资本：26,306.88万元 注册地址：安徽省合肥市和平路118号 企业类型：有限责任公司（非自然人投资或控股的法人独资） 公司为控股子公司的担保额度已经公司第九届董事会第十三次会议及 2024 年年度股东会审议通过，具体内容详见公司 2025 年 4 月 28 日在《中国证券报》 《上海证券报》《证券日报》《证券时报》和巨潮资讯网 http://www.cninfo.com.cn/上披露的公司《关于为控股子公司提供担保额度的 公告》（公告编号：2025-025）。 二、被担保人基本情况 法定代表人：庄柏峰 经营范围：许可项目：餐饮服务（依法须经批准的项目，经相关部门批准后 方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项 目：商业综合体管理服务；停车场服务；日用百货销售；针纺织品销售；化工产 品销售（不含许可类化工产品）；工艺美术品及收藏品批发（象牙及其制品除外）； 珠宝首饰零售；日用杂品销售；礼品花卉销售；计算机软硬件 ...

Core Insights - Hualian Group is accelerating its efforts in community commerce with the launch of the DT-X concept store, which aims to create a "neighborhood center" that focuses on local residents and enhances community engagement [2][4][6] Group 1: New Product Line and Expansion - The DT-X store is located in the Xizhimen CapitaMall, strategically positioned to attract both local residents and travelers due to its proximity to major transportation hubs [4][7] - The DT-X project is approximately 10,000 square meters and is expected to open in October 2023, featuring a mix of high-quality supermarkets, cafes, bookstores, and light dining options [4][6] - Hualian Group's core business is community commercial operation management, with nearly 30 shopping centers managed across several cities, including 15 in Beijing [6] Group 2: Market Positioning and Strategy - The DT-X store aims to differentiate itself from traditional neighborhood centers by focusing on high convenience and interaction, catering specifically to the daily lives of community residents [4][6] - Recent strategic moves include the sale of a 42%-45% stake in Beijing SKP to concentrate on community business, alongside acquiring 100% of Beijing Hualian Meihua Life Department Store to enhance its DT business [6][9] - The Xizhimen area is identified as a key commercial hub, attracting diverse customer groups, which aligns with Hualian Group's strategy to leverage high foot traffic for the DT-X store [7][8] Group 3: Future Directions and Consumer Trends - Experts suggest that the DT-X project should enhance thematic commercial offerings and expand diverse consumption scenarios to stimulate regional consumer potential [8] - The transformation of community commercial spaces is shifting from basic service provision to creating "quality living centers," reflecting changing consumer demands and lifestyle upgrades [10] - The focus on creating a "15-minute convenient living circle" and a "spiritual habitat" for residents indicates a broader trend towards integrating social, cultural, and commercial experiences in community settings [10]

Core Viewpoint - The report details a significant reduction in shareholding by Xizang Shannan Xinchang Enterprise Management Co., Ltd. in Beijing Hualian Commercial Co., Ltd., dropping below 5% ownership [1][2]. Group 1: Shareholding Changes - The shareholding of Xizang Shannan decreased from 255,192,878 shares (9.3226%) to 136,867,578 shares (5.0000%) [4][6]. - The reduction was executed through block trading and centralized bidding, without affecting the control of Hualian Shares [3][4]. Group 2: Purpose of Shareholding Change - The purpose of this shareholding change is attributed to the financial needs of the information disclosure obligor [3][4]. Group 3: Future Plans - The information disclosure obligor does not rule out the possibility of increasing or further reducing their stake in Hualian Shares within the next 12 months [3][4]. Group 4: Company Information - Xizang Shannan Xinchang Enterprise Management Co., Ltd. is a limited liability company with a registered capital of 5 million RMB, located in the Shannan Modern Comprehensive Industrial Park [2][3].

Summary of Key Points Core Viewpoint - The major shareholder, Tibet Shannan Xincheng Enterprise Management Co., Ltd., has reduced its stake in Beijing Hualian Commercial Co., Ltd. to below 5% through the sale of 118,325,300 shares, resulting in a significant change in ownership structure [1]. Group 1: Equity Change Details - Tibet Shannan's shareholding decreased from 9.3226% to 5.0000% after the transaction [1]. - Before the change, Tibet Shannan held a total of 255,192,878 shares, all of which were unrestricted shares [1]. - After the reduction, Tibet Shannan now holds 136,867,578 shares, maintaining the status of unrestricted shares [1]. Group 2: Regulatory Compliance - The company has ensured that the information provided is accurate and complete, with no misleading statements or significant omissions [1]. - The equity change report was prepared in accordance with relevant laws and regulations, and it has been disclosed in multiple financial publications and platforms [1].

北京华联商厦股份有限公司 1 股票上市地点：深圳证券交易所 股票简称：华联股份 股票代码：000882.SZ 简式权益变动报告书 上市公司名称：北京华联商厦股份有限公司 信息披露义务人：西藏山南信商企业管理有限公司 注册地址：西藏自治区山南市经济开发区山南现代综合产业园办公楼 4 层 403 室 通讯地址：北京市东城区金宝街 89 号金宝大厦 10 层 股份变动性质：股份减少，持股比例降至 5%以下 签署日期： 2025 年 6 月 5 日 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公 司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号—— 权益变动报告书》及相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反信息披露义务人所任职或持有权益公司的章程或内部规则中的任何条款， 或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发 行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》的规定， 本 ...

股票代码：000882 股票简称：华联股份 公告编号：2025-035 股份性质 本次变动前持有股份 本次变动后持有股份 股数(股) 占总股本比 例(%) 股数(股) 占总股本比例 (%) 合计持有股份 255,192,878 9.3226 136,867,578 5.0000（注释） 其中：无限售条件股份 255,192,878 9.3226 136,867,578 5.0000（注释） 有限售条件股份 二、 本次权益变动前后西藏山南持股情况 2、根据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证 券的公司信息披露内容与格式准则第 15 号—权益变动报告书》及相关法律、法 规和规范性文件的规定，股东西藏山南编制了《北京华联商厦股份有限公司简式 权益变动报告书》，具体内容详见与本公告同日在《中国证券报》《上海证券报》 《证券时报》《证券日报》和巨潮资讯网 http://www.cninfo.com.cn 披露的《北 京华联商厦股份有限公司简式权益变动报告书》。 北京华联商厦股份有限公司（以下简称"公司"）于 2025 年 6 月 5 日收到 公司股东西藏山南信商企业管理有限公司（以下简称"西藏山 ...