Focus Events - Guosen Securities has received approval from the Shenzhen Stock Exchange for the acquisition of 96.08% of Wanhe Securities, marking the third broker merger project approved since last year, pending further approval from the CSRC [1] - The People's Bank of China is set to announce the June Loan Prime Rate (LPR), with the current 1-year LPR at 3% and the 5-year LPR at 3.5% [1] Macro News - He Lifeng, a member of the Political Bureau of the CPC Central Committee, stated at the Qingdao Summit that China is an ideal, safe, and effective investment destination for multinational companies due to its vast domestic market and complete industrial system [1] Industry Dynamics - Three departments have mandated that car manufacturers must not engage in exaggerated or false advertising and must uphold product quality, emphasizing long-term responsibility and avoiding short-term cost-cutting measures [4] - The Chinese photovoltaic industry is expected to see a significant production cut of 10% to 15% in the third quarter as part of a "production limit to maintain prices" strategy [6] - The Ministry of Commerce announced it will expedite the review of rare earth export license applications to maintain global supply chain stability [6] Company Focus - Suning.com plans to sell four Carrefour subsidiaries for a total of 4 yuan, which is expected to increase the company's net profit by approximately 572 million yuan [9] - CATL intends to use up to 4.5 billion yuan of idle fundraising for cash management in safe, liquid deposit products [9] - Xiaomi has invested 635 million yuan to acquire 728 acres of industrial land in Beijing for the construction of a new energy intelligent connected vehicle manufacturing project [9][10] - Jinzongzi Wine clarified that it is not exiting the liquor industry, but is standardizing its business scope in compliance with regulatory requirements [11] - Konda New Materials plans to acquire at least 51% of Chengdu Zhongke Huamei Electronics to expand into the semiconductor integrated circuit sector [11] - Online and Offline announced a potential change in control, leading to a temporary suspension of its stock [12] - Taiji Co. announced that the Hubei State-owned Assets Supervision and Administration Commission has become the controlling shareholder, with stock resuming trading [13][14] - Zhongyan Chemical plans to agree to a capital reduction for Zhongyan Alkali Industry, which is expected to constitute a major asset restructuring [15] - Lianchuang Optoelectronics reported strong demand for drone countermeasures in the Middle East and is actively engaging with potential local clients [15] - Shengnuo Bio expects a net profit increase of 253.54% to 332.10% for the first half of 2025, driven by strong performance in its peptide raw material business [16] - *ST Gongzhi's stock will resume trading and enter a delisting preparation period, with the last trading date expected to be July 10, 2025 [17]

作 者丨唐唯珂 编 辑丨黄剑 6月18日，中国连锁经营协会（CCFA）发布"2024年中国连锁Top100"。 据CCFA数据，中国连锁百强企业2024年整体销售规模为2.13万亿元，门店总数25.72万个，分 别比2023年增长4.9%和13.5%。 沃尔玛（中国）、居然智家新零售、苏宁易购、高鑫零售（大润发）、盒马（中 国）、永辉超市、物美科技、王府井、美宜佳等企业稳居龙头阵营，其中沃尔玛 （中国）以1 5 8 8 . 4 5亿元销售额蝉联榜首。 从 榜 单 更 迭 看 ， 万 辰 生 物 、 良 品 铺 子 、 西 亚 和 美 、 绝 味 食 品 、 贵 州 合 力 5 家 企 业 新晋入榜；湖南鸣鸣很忙首次跻身前十，销售额突破5 5 0亿元。规模层级方面， 销售额超3 0 0亿元的企业数量从2 0 2 3年的2 1家增至2 4家。 对比2022年、2023年榜单，哈尔滨中央红、兴盛社区、人人乐等企业因排名持续下滑，于 2024年退出TOP100。其中，人人乐因连续业绩亏损，于2025年6月5日发布公告称终止股票上 市。 综合零售增长压力大 在2024年连锁Top100企业中，综合零售46家，超市23家 ...

Core Viewpoint - Multiple companies have announced significant developments, including investments, clarifications on business operations, and changes in control, which may present various investment opportunities and risks for stakeholders [2]. Company Announcements - **Hai Zheng Pharmaceutical** plans to establish a joint venture in synthetic biology with a registered capital of 350 million yuan, where Hai Zheng will contribute 260 million yuan, holding a 74.29% stake [3]. - **Jin Zhong Zi Jiu** clarified that its business scope remains unchanged despite media reports suggesting a shift away from liquor production, confirming that it will continue to focus on its core liquor business [4]. - **ST Gong Zhi** announced that its stock will resume trading on June 20, 2025, and enter a delisting period, with the last trading date expected to be July 10, 2025 [5]. - **Zhong Jing Electronics** confirmed that its production and operational conditions are normal, with no undisclosed significant matters [6]. - **Shan Jin International** is preparing for an overseas H-share issuance and listing on the Hong Kong Stock Exchange to enhance its global strategy [7]. - **Kang Da New Materials** intends to acquire at least 51% of Chengdu Zhongke Huamei Electronics to expand into the semiconductor integrated circuit sector [8]. - **Zhong Yan Chemical** agreed to a capital reduction for its subsidiary, which will result in it holding 100% of the subsidiary's equity, constituting a significant asset restructuring [9]. - **Tai Ji Co., Ltd.** announced a change in its actual controller to the Hubei Provincial State-owned Assets Supervision and Administration Commission, with stock resuming trading [10]. - **ST Yi Guo** plans to sell four Carrefour subsidiaries for 1 yuan, expecting to increase its net profit by approximately 572 million yuan, while focusing on its core home appliance business [11][12]. Performance Expectations - **Sheng Nuo Bio** anticipates a substantial increase in net profit for the first half of 2025, projecting a year-on-year growth of 253.54% to 332.10%, driven by strong performance in its peptide raw material business [13]. Share Buyback - **Nuo Wei Zan** intends to repurchase shares worth between 5 million and 10 million yuan to implement employee stock ownership plans, with a maximum repurchase price of 30 yuan per share [14]. Major Contracts - **Sai Sheng Pharmaceutical** signed a technology transfer contract for a new drug project with a total transaction amount of 20 million yuan, which will enhance its capabilities in the protein/antibody drug platform [15].

Core Viewpoint - ST易购 is actively streamlining its non-core business units by selling its stakes in several Carrefour subsidiaries to reduce debt and focus on its core home appliance business [1][3]. Group 1: Transaction Details - ST易购's subsidiary Carrefour China Holdings N.V. has signed a share transfer agreement to sell 100% stakes in four Carrefour subsidiaries for a total consideration of 4 yuan [1]. - The subsidiaries being sold include 宁波家乐福, 杭州家乐福, 株洲家乐福, and 沈阳家乐福, with each stake valued at negative amounts during the assessment [2]. Group 2: Financial Impact - The transaction is expected to positively impact ST易购's financial status, with an estimated increase in net profit of approximately 5.72 billion yuan after considering various financial adjustments [4]. - The company anticipates that the sale will help alleviate its debt burden and improve operational performance [3].

证券代码：002024 证券简称：ST 易购 公告编号：2025-030 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。 苏宁易购集团股份有限公司（以下简称"公司"）于2025年6月13日召开第八 届董事会第二十九次会议，审议通过了《关于召开2025年第一次临时股东大会的 议案》，并发出了《董事会关于召开2025年第一次临时股东大会的通知》 （会议通 知详见公司2025-026号公告）。股权登记日为2025年6月25日，现场会议召开日期 和时间为2025年6月30日下午14:00。 集团有限公司、苏宁电器集团有限公司书面提交的《关于提议增加苏宁易购集团 股份有限公司2025年第一次临时股东大会临时提案的函》，为了提高会议效率，公 司股东苏宁控股集团有限公司、苏宁电器集团有限公司提议将公司第八届董事会 第三十次会议审议通过的《关于苏宁国际控股子公司Carrefour China Holdings N.V. 出售子公司股权的议案》 《关于转让子公司股权后被动形成财务资助的议案》作为 临时提案，提交公司2025年第一次临时股东大会审议。 根据《公司章程》第五十七条规 ...

Core Viewpoint - ST Yigou (002024.SZ) announced the sale of 100% equity stakes in four subsidiaries of Carrefour in China for a total consideration of 4 RMB, which is expected to increase the company's net profit by approximately 572 million RMB [1] Group 1: Transaction Details - The company’s wholly-owned subsidiary, Suning International, signed a share transfer agreement with Shanghai Youan Law Consulting Co., Ltd. to sell its stakes in Ningbo Carrefour Commercial Co., Ltd., Hangzhou Carrefour Supermarket Co., Ltd., Zhuzhou Carrefour Commercial Co., Ltd., and Shenyang Carrefour Commercial Co., Ltd. for a nominal price of 1 RMB [1] - The total sale amount for the four Carrefour subsidiaries is 4 RMB [1] Group 2: Financial Impact - The transaction is expected to increase the listed company's net profit attributable to shareholders by approximately 572 million RMB [1] - The sale will help alleviate the company's debt burden and improve operational performance, as the subsidiaries have ceased operations and carry significant debt [1] Group 3: Strategic Focus - The company is firmly focusing on its core business in home appliances and 3C products, indicating a strategic shift away from non-core operations [1] - The divestment of the Carrefour subsidiaries is part of a broader strategy to reduce operational and management risks [1]

本报告依据中国资产评估准则编制 荷兰家乐福(中国)控股有限公司拟转让股权涉及 株洲家乐福商业有限公司股东全部权益价值项目 资产评估报告 天昊资评报字【2025】第 0337 号 (共一册,第一册) 天昊国际房地产土地资产评估集团 二〇二五年六月十六 地址:山东省济南市历下区解放路 11 号 16号办公楼 l F 电 话: 0531-82800059 0546-8975050 荷兰家乐福(中国)控股有限公司拟转让股权涉及 株洲家乐福商业有限公司股东全部权益价值项目资产评估报告 目 录 | 声 明 | | | --- | --- | | 摘 要 | | | 正 文 5 | | | 委托人、被评估单位和其他资产评估报告使用人概况 | í | | 二、 | 评估目的 . | | 三、 | 评估对象和评估范围 | | 四、 | 价值类型 | | 评估基准日 | 五、 | | 评估依据 | 六、 | | 评估方法 | 七、 | | 评估程序实施过程和情况 . | 11. | | 评估假设 15 | 九、 | | 评估结论 15 | 十、 | | 特别事项说明 . | 十一、 | | 十二、 | 资产评估报告使用限制说明 ...

本报告依据中国资产评估准则编制 荷兰家乐福(中国)控股有限公司拟转让股权涉及 杭州家乐福超市有限公司股东全部权益价值项目 资产评估报告 天昊资评报字【2025】第 0336 号 (共一册,第一册) 天昊国际房地产土地资产评估集团 二〇二五年六月十 地址:山东省济南市历下区解放路 11号21号内公 楼1层 电 话: 0531-82800059 0546-8975050 荷兰家乐福(中国)控股有限公司拟转让股权涉及 杭州家乐福超市有限公司股东全部权益价值项目资产评估报告 录 日 | 声 明 | | | --- | --- | | 摘 要 | | | 正文 5 | | | | 委托人、被评估单位和其他资产评估报告使用人概况 | | 二、 | 评估目的… | | 三、 | 评估对象和评估范围 | | 四、 | 价值类型 … | | 五、 | 评估基准日 . | | 六、 | 评估依据. | | 七、 | 评估方法 . | | 11. | 评估程序实施过程和情况 | | 九、 | 评估假设. | | 十、 | 评估结论 | | 十一、 | 特 别事项说 明 | | 十二、 | 资产评估报告使用限制说明 . | | 十三 ...

本报告依据中国资产评估准则编制 荷兰家乐福(中国)控股有限公司拟转让股权涉及 沈阳家乐福商业有限公司股东全部权益价值项目 资产评估报告 天昊资评报字【2025】第 0335 号 (共一册,第一册) 天昊国际房地产土地资产 下 二〇二五年7 地址:山东省济南市历下区解放路 11 号 9 号办公楼 1 层 电 话: 0531-82800059 0546-8975050 荷兰家乐福(中国)控股有限公司拟转让股权涉及 沈阳家乐福商业有限公司股东全部权益价值项目资产评估报告 录 II | 声 明 摘 要 | | | --- | --- | | 正文 5 | | | 一、 | 委托人、被评估单位和其他资产评估报告使用人概况 5 | | 二、 | 评估目的 | | 三、 | 评估对象和评估范围…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 8 | | 四、 | 价值类型 . | | 五、 | 评估基准日 | | 六、 | 评估依据 ………… ...

本报告依据中国资产评估准则编制 荷兰家乐福(中国)控股有限公司拟转让股权涉及 宁波家乐福商业有限公司股东全部权益价值项目 资产评估报告 天昊资评报字【2025】第 0338 号 (共一册,第一册) 天昊国际房地产土地资产评估集团 二〇二五年六月十 地址:山东省济南市历下区解放路 11 号 1 号办公楼 1 层 电 话: 0531-82800059 0546-8975050 荷兰家乐福(中国)控股有限公司拟转让股权涉及 宁波家乐福商业有限公司股东全部权益价值项目资产评估报告 录 II | | 声 明 摘 要 | | --- | --- | | | 正 文 | | í | 委托人、被评估单位和其他资产评估报告使用人概况 5 | | 二、 | 评估目的 . | | 三、 | 评估对象和评估范围 | | 四、 | 价值类型 | | 五、 | 评估基准日 | | 六、 | 评估依据 | | 七、 | 评估方法 | | 八、 | 评估程序实施过程和情况 | | 九、 | 评估假设 | | 十、 | 评估结论 . | | 十一、 | 特别事项说明 | | 十二、 | 资产评估报告使用限制说明 19 | | 十三、 | 资产 ...