Core Viewpoint - Suning.com plans to sell 12 subsidiaries of Carrefour China for 1 yuan each, expecting an increase in net profit attributable to shareholders of approximately 383 million yuan from this transaction [1][5][7]. Summary by Sections Transaction Details - Suning.com announced the signing of a share transfer agreement with Shanghai Qishufamily Enterprise Service Partnership, selling 100% equity of 12 companies for a total of 12 yuan [2][6]. - After the transfer, these companies will no longer be included in the consolidated financial statements of Suning.com [6]. Financial Impact - The transaction is expected to positively impact the company's financial status and operating results, with an estimated increase in net profit of about 383 million yuan based on preliminary calculations [3][7]. - As of the assessment date of March 31, 2025, the total equity value of the 12 target companies was negative, with one company, Changsha Keyoushi, having a book value of -161.44 million yuan and an assessed value of -35.38 million yuan [6][8]. Reasons for Sale - Suning.com cited external environmental impacts and changes in consumer behavior affecting the traditional hypermarket business of Carrefour China, along with liquidity issues, as reasons for the sale [3][6]. - The subsidiaries have ceased operations and carry significant debt burdens, making this transaction a means to effectively conduct asset and debt restructuring [3][7]. Strategic Focus - The company is committed to focusing on its core business in home appliances and consumer electronics, while continuing to streamline non-core business units to reduce overall debt levels [3][7].

Core Viewpoint - Suning.com announced the sale of 12 Carrefour China subsidiaries for a total of 12 RMB, with each subsidiary sold for 1 RMB, which will no longer be included in Suning's consolidated financial statements [1] Group 1: Transaction Details - The transaction involves the sale of 100% equity stakes in 12 subsidiaries, with each subsidiary valued at 1 RMB despite negative valuations [4][7] - The subsidiaries have been facing operational challenges, leading to their closure and the decision to sell them to alleviate financial burdens [5][6] Group 2: Financial Impact - The transaction is expected to positively impact Suning's financial status, with an estimated increase in net profit attributable to shareholders of approximately 383 million RMB by June 30, 2025 [5] - The sale is part of Suning's strategy to focus on its core business in home appliances and consumer electronics while reducing debt levels [5]

Core Points - Apple launched its latest flagship products including the iPhone 17 series, Apple Watch Series 11/Ultra 3/SE 3, and AirPods Pro 3 during the "Supercharged" event on September 10, with pre-orders starting on September 12 and global sales commencing on September 19 [1] Product Details - The iPhone 17 series consists of four models: iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max, with starting prices of 5999 yuan, 7999 yuan, 8999 yuan, and 9999 yuan respectively. The new Air model features a 6.5-inch screen and a thickness of 5.6mm, making it the thinnest iPhone to date [1] - The iPhone 17 standard model is equipped with the A19 chip and introduces 120Hz ProMotion adaptive refresh rate technology. The other three models utilize the A19 Pro chip, with graphics processing speed improved by up to 30% and CPU performance enhanced by 40% compared to the previous A18 Pro, ensuring smooth performance in high-load gaming and multitasking scenarios [2] Promotional Activities - Suning.com has initiated a trade-in program for the iPhone, offering up to 2200 yuan in subsidies and limited-time 24-month interest-free installment plans [1] - Suning's offline stores and app have opened reservations, and users upgrading to the Suning Bee Card can access priority purchasing channels and receive a service package valued at 1099 yuan, which includes exclusive services like 365-day exchange without repair, free battery replacement, and free screen replacement [4]

Group 1 - The core event is the collaboration between Suning.com and Hisense to launch the "99 Shopping Festival," which aims to invigorate home appliance consumption through customized products and interactive experiences [3][5] - The festival features innovative activities such as esports challenges, live sports broadcasts, and interactive talk shows, integrating new trends in home appliances into real-life scenarios for consumer engagement [3][5] - New products launched during the festival include the laser eye protection TV model 92 S1 Pro, anti-glare gaming TV U66Q series, and the innovative air conditioner Ningxin Pro X510, addressing the pain points of Generation Z consumers [3][5] Group 2 - The "99 Shopping Festival" has entered a full-scale promotion phase, offering significant discounts, live streaming coupons, and double points rewards, along with interactive challenges for consumers [5] - Suning.com is enhancing its retail service strategy, transitioning from simply selling home appliances to creating customized home scenarios, with stores replicating living spaces for immersive product experiences [5] - Future plans include continued collaboration with leading brands to develop user-centered living scenarios, allowing consumers to experience new lifestyles while shopping [5]

Market Overview - The Shanghai Composite Index closed at 3819.32 points, with a gain of 0.32%, and the total trading volume of A-shares reached 1,641.14 billion yuan [1] - As of the current date, 29 A-shares have surpassed their annual moving average, indicating positive market sentiment [1] Notable Stocks - The stocks with the highest deviation rates from their annual moving average include: - Luopuskin (002333) with a deviation rate of 8.13% and a daily increase of 9.94% [1] - ST Huaxi (002630) with a deviation rate of 4.11% and a daily increase of 4.88% [1] - Wutong Holdings (300292) with a deviation rate of 3.67% and a daily increase of 5.35% [1] - Other stocks that have just crossed their annual moving average with lower deviation rates include: - Jiecheng Co. (300182) with a deviation rate of 0.04% and a daily increase of 1.60% [2] - Ganyue Expressway (600269) with a deviation rate of 0.05% and a daily increase of 0.40% [2] - Guangsha Huaneng (873703) with a deviation rate of 0.06% and a daily increase of 0.96% [2] Trading Activity - The trading turnover rate for notable stocks shows significant activity, with Luopuskin (002333) having a turnover rate of 3.79% and ST Huaxi (002630) at 6.77% [1] - The overall trading environment reflects a mix of high and low turnover rates among stocks that have recently crossed their annual moving averages [1][2]

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 珠海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 0492 号 (共一册,第一册) 天昊国际房地产土地资产评估集团有限公司 二〇二五年八月二十九日 地址:山东省济南市及下区解放路 1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 珠海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 ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 1 | | --- | | 摘 要 | | 正 文 ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… ...

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 呼和浩特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 0493 号 (共一册,第一册) 天昊国际房地产土地资产评估集团有限公司 二〇五年八月二十九日 地址:山东省济南市历石区解放路 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 呼和浩特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 目 四、本资产评估机构及其资产评估师提示资产评估报告使用人应当正确理解 和使用评估结论,评估结论不等同于评估对象可实现价格,评估结论不应当被认 为是对评估对象可实现价格的保证。 五、本资产评估机构及其资产评估专业人员遵守法律、行政法规和资产评估 准则,坚持独立、客观和公正的原则,并对所出具的资产评估报告依法承担责任。 六、评估对象涉及的资产、负债清单及相关资料由委托人、被评估单位申报 并经其采用签名、盖章或法律允许的其他方式确认;委托人和其他相关当事人依 法对其提供资料的真实性、完整性、合法性负责。 七、资产评估师已对 ...

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 河北保龙仓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 0491 号 (共一册,第一册) 荷兰家乐福（中国）控股有限公司拟转让股权涉及 河北保龙仓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 日 录 | 声 明 | | | --- | --- | | 摘 要 ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 2 | | | 正 文 | | | 委托人、被评估单位和其他资产评估报告使用人概况 | ー、 | | 二、 | 评估目的…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 9 | | 评估对象和评估范围 | 三、 | | 价值类型 | ...

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 石家庄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 0490 号 (共一册,第一册) 天昊国际房地在土地资产规体集团有限公司 an H九日 二〇二五年八月二 地址:山东省济南市及下区解放路 11号 1 号办公楼 1 层 电 话: 0531-8280005933 0546-8975050 荷兰家乐福(中国)控股有限公司拟转让股权涉及 石家庄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 . | | | 一、 | 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………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 9 | | 四、 | 价值类型………………………………………………………………………………… ...

本报告依据中国资产评估准则编制 资产评估报告 荷兰家乐福(中国)控股有限公司拟转让股权涉及 天津家福商业有限公司股东全部权益价值项目 | 声 明 | | | --- | --- | | 摘 要 | | | 正 文 | | | ー、 | 委托人、被评估单位和其他资产评估报告使用人概况 …………………………………………… 6 | | ニ、 | 评估目的 | | 三、 | 评估对象和评估范围………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 9 | | 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 | | 特别事项说明 | 十一、 | | 十二、 | 资产评估报告使用限制说明 . | | 十三、 | 资产评估报告日 | | 十四、 | 资产评估师签名盖章…………………………………………………………… ...