Group 1 - The average stock price of A-shares is 13.84 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1] - Among the low-priced stocks, 9 are ST stocks, accounting for 34.62% of the total [1] - The Shanghai Composite Index closed at 3954.79 points as of October 31 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with Jin Zheng Da, Rong Sheng Development, and Ya Bo Shares leading with increases of 2.79%, 2.55%, and 2.31% respectively [1] - Conversely, 9 stocks decreased, with *ST Yuan Cheng, Liao Gang Shares, and Shan Ying International showing declines of 4.88%, 4.47%, and 2.21% respectively [1] - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, and industry classifications [1][2]

Core Insights - Hualian Co., Ltd. is a leading shopping center operator in China, established in 1998 and listed on the Shenzhen Stock Exchange [1] Business Overview - The company primarily engages in shopping center operation management, cinema operation management, and commercial factoring [1] - It operates within the retail sector, specifically in general retail and department stores, and is associated with concepts such as new retail and the Hengqin New Area [1] Financial Performance - For Q3 2025, Hualian reported revenue of 930 million yuan, ranking 12th in the industry, significantly lower than the top competitors, Tianhong and Wangfujing, which reported revenues of 8.878 billion yuan and 7.709 billion yuan respectively [2] - The company's net profit for the same period was -138 million yuan, placing it 21st in the industry, with a notable gap compared to the leading firms [2] Profitability and Debt Ratios - Hualian's debt-to-asset ratio stood at 46.48% in Q3 2025, slightly above the previous year's 46.45% but below the industry average of 48.09% [3] - The gross profit margin was reported at 53.20%, a decrease from 54.82% year-on-year, yet still higher than the industry average of 45.34% [3] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 7.65% to 125,200, while the average number of shares held per shareholder increased by 8.28% to 21,800 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second largest, holding 51.1135 million shares, an increase of 12.0697 million shares from the previous period [5]

一、本次拟终止募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于核准北京华联商厦股份有限公司向上海镕 尚投资管理中心（有限合伙）等发行股份购买资产并募集配套资金的批复》（证 监许可[2016]3200 号）核准，2017 年公司向西藏山南信商投资管理有限公司（现 更名为：西藏山南信商企业管理有限公司）发行人民币普通股（A 股）255,192,878 股募集配套资金，每股发行价为 3.37 元，本次募集资金净额为 859,999,998.86 元。前述募集资金总额已经致同会计师事务所（特殊普通合伙）致同验字(2017) 第 110ZC0081 号《验资报告》验证。本次募集资金扣除发行费用后将投资于太原 胜利购物中心、青岛黄岛缤纷港购物中心两个在建购物中心项目的后续建设及装 修，募投项目的后续建设由项目所属公司具体负责实施。上述募集资金均以增资 的形式向项目所属公司分别进行投资。 （二）本次拟终止募集资金投资项目的情况 股票代码：000882 股票简称：华联股份 公告编号：2025-048 北京华联商厦股份有限公司 关于终止募集资金投资项目并将剩余募集资金永久 补充流动资金的公告 本公 ...

华泰联合证券有限责任公司 关于北京华联商厦股份有限公司 终止募集资金投资项目并将剩余募集资金永久补充流动资金 之独立财务顾问意见 华泰联合证券有限责任公司（以下简称或"独立财务顾问"）受北京华联商 厦股份有限公司（以下简称"华联股份"、"上市公司"或"公司"）委托，担任 公司 2016 年发行股份购买资产并募集配套资金的独立财务顾问。 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司重大 资产重组管理办法》、《深圳证券交易所股票上市规则》、《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作》、《上市公司募集资金监管规 则》等法律法规的要求，对华联股份终止募集资金投资项目并将剩余募集资金永 久补充流动资金的事项进行了审慎核查，核查情况如下： 一、公司拟终止募集资金投资项目的概述 （一）募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于核 准北京华联商厦股份有限公司向上海镕尚投资管理中心（有限合伙）等发行股份 购买资产并募集配套资金的批复》（证监许可[2016]3200 号），华联股份获准以非 公开发行股份的方式向西藏山南信商投资管理有限公司 ...

关于召开 2025 年第一次临时股东会的通知 本公司及其董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 会议召开时间： 现场会议：2025 年 11 月 14 日（周五）下午 14：00 网络投票：2025 年 11 月 14 日（周五）其中： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 11 月 14 日上午 9：15—9:25，9：30—11：30，下午 13： 00—15:00； 股票代码：000882 股票简称：华联股份 公告编号：2025-049 北京华联商厦股份有限公司 （2）通过深圳证券交易所互联网投票系统进行网络投票的具体时 间为：2025 年 11 月 14 日上午 9:15 至下午 15:00 之间的任意时 间。 一、召开会议基本情况 3、会议召开的合法、合规性：本次股东会会议（"本次会议"）的召开符合 有关法律、行政法规、部门规章、规范性文件、深圳证券交易所业务规则和公司 章程。 4、会议时间： （1）现场会议时间：2025 年 11 月 14 日 14：00 （2）网络投票时间： 通过深圳证券交易所交易系 ...

公司 2025 年第三季度报告的编制和审议程序符合法律、行政法规和中国证监会 的规定，报告内容真实、准确、完整地反映了公司的财务状况和经营成果。不存在 虚假记载、误导性陈述或者重大遗漏。 表决情况：同意 3 人，反对 0 人，弃权 0 人。 二、审议并一致通过了公司《关于终止募集资金投资项目并将剩余募集资金永 久补充流动资金的议案》，并发表如下审核意见： 股票代码：000882 股票简称：华联股份 公告编号：2025-046 北京华联商厦股份有限公司 第九届监事会第八次会议决议公告 | 本公司及监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、误导性陈述或重大遗漏。 | 北京华联商厦股份有限公司（以下简称"公司"）监事会于 2025 年 10 月 17 日以电邮方式向全体监事发出召开第九届监事会第八次会议（以下简称"会议"） 的通知，并将有关会议材料通过电邮的方式送达全体监事。公司第九届监事会第八 次会议于 2025 年 10 月 29 日在公司会议室以现场方式召开，应参会监事 3 名，实际 参会监事 3 名。本次会议由监事会主席花玉玲女士主持，会议的召开符合《中华人 ...

北京华联商厦股份有限公司 第九届董事会第十五次会议决议公告 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、误导性陈述或重大遗漏。 北京华联商厦股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日 以电邮方式向全体董事和监事发出关于召开第九届董事会第十五次会议的通知， 并将有关本次会议的材料通过电邮的方式送达所有董事和监事。公司第九届董 事会第十五次会议于 2025 年 10 月 29 日在公司以现场方式召开。本次会议应到 董事 9 人，实到 9 人。出席本次会议的董事人数超过公司董事总数的二分之一， 表决有效。本次会议由董事长范熙武先生主持，公司部分监事、高级管理人员 列席了本次会议。本次会议的召开符合《中华人民共和国公司法》和《北京华 联商厦股份有限公司章程》等有关规定。与会董事对以下事项进行了认真讨论 并表决，一致同意形成决议如下： 一、审议通过了公司《2025 年第三季度报告》 本议案在提交董事会审议前，已经公司第九届董事会审计委员会审议通过。 详见公司同时在巨潮资讯网 http://www.cninfo.com.cn/上披露的公司《2025 年第三季度报告》 ...

Core Viewpoint - Hualian Co., Ltd. reported a significant decline in revenue and incurred net losses in the third quarter and the first three quarters of the year [1] Financial Performance - The revenue for the third quarter was 307 million yuan, representing a year-on-year decrease of 21.43% [1] - The net loss for the third quarter amounted to 114 million yuan [1] - For the first three quarters, the total revenue was 930 million yuan, reflecting a year-on-year decline of 15.07% [1] - The net loss for the first three quarters was 137 million yuan [1]

Financial Performance - Q3 2025 revenue decreased by 21.43% year-on-year to CNY 306.60 million, with a year-to-date revenue decline of 15.07% to CNY 929.70 million[5] - Net profit attributable to shareholders was CNY 114.43 million, a significant increase of 5,025.97% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 122.99 million, reflecting a decrease of 862.87% year-on-year[5] - Basic earnings per share were -0.0418, a decrease of 5,125.00% compared to the previous year[5] - Net profit for the current period was -¥138,028,469.31, compared to a net profit of ¥32,254,041.58 in the previous period, indicating a significant decline[17] Cash Flow and Liquidity - Operating cash flow decreased by 38.16% year-to-date to CNY 411.86 million[5] - Operating cash flow for the current period is ¥411,860,246, a decrease of 38.1% from ¥666,046,846 in the previous period[19] - Total cash inflow from operating activities is ¥1,400,945,370.80, down 16.5% from ¥1,677,511,218.82 in the previous period[19] - Cash outflow from operating activities is ¥989,085,124.80, slightly decreased by 2.2% from ¥1,011,464,371.84 in the previous period[19] - The ending balance of cash and cash equivalents is ¥844,802,634.81, down 26.8% from ¥1,153,326,569.20 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12.64 billion, a slight decrease of 0.21% from the previous year[5] - Total liabilities increased to ¥5,875,687,004.77 from ¥5,771,258,085.67, reflecting a rise of 1.82%[15] - The total current assets decreased from CNY 2,660,170,311.88 to CNY 2,454,495,877.06, a decline of approximately 7.74%[13] - Cash and cash equivalents decreased from CNY 1,218,793,628.18 to CNY 860,684,767.31, representing a decrease of about 29.5%[13] Shareholder Information - The company has a major shareholder, Beijing Hualian Group, holding 28.19% of the shares, with 317,100,000 shares pledged[11] - The top ten shareholders hold a total of 771,609,437 shares, representing a significant portion of the company's equity[11] Operational Efficiency and Strategy - The company reported a significant increase in research and development expenses, reflecting a commitment to innovation and new product development[16] - The company is exploring market expansion opportunities, particularly in emerging markets, to drive future growth[16] - The company plans to enhance its digital transformation initiatives to improve operational efficiency and customer engagement[16] Investment and Financing Activities - Cash inflow from financing activities is ¥787,088,812.32, down 39.8% from ¥1,307,000,000.00 in the previous period[20] - Cash outflow for the purchase of fixed assets and intangible assets is ¥50,440,724.16, a decrease of 81.3% from ¥269,952,293.73 in the previous period[20] - Investment activities generated a net cash outflow of ¥87,293,696.60, an improvement from a net outflow of ¥550,831,001.17 in the previous period[20]

Core Viewpoint - Hualian Co., Ltd. reported a significant decline in revenue and incurred net losses in the third quarter and the first three quarters of the year [1] Financial Performance - The company's revenue for the third quarter was 307 million yuan, representing a year-on-year decrease of 21.43% [1] - The net loss for the third quarter amounted to 114 million yuan [1] - For the first three quarters, the total revenue was 930 million yuan, reflecting a year-on-year decline of 15.07% [1] - The net loss for the first three quarters was 137 million yuan [1]