Core Viewpoint - Guangzhou's first city duty-free shop is set to open on August 26, marking a significant step in the city's ambition to become an international consumption center [1] Group 1: Store Details - The duty-free shop will be located on the first floor of the Guangzhou Friendship International Financial Center in Tianhe District [1] - It is a collaboration between China Duty Free Group, Guangbai Co., Lingnan Holdings, and Baiyun Airport [1] - This store is one of the first eight city duty-free shops established following the Ministry of Finance's policy announcement in August 2024 [1] Group 2: Business Model - The shop will adopt a "duty-free + taxable," "imported + domestic," and "offline + online" business model [1] - It will also introduce a departure tax refund service [1] Group 3: Product Offering - The store aims to create a "city living room" that integrates global luxury brands, traditional Chinese brands, and local cultural products [1] - It will feature a mix of duty-free and taxable goods, including international brands, time-honored Chinese brands, and local特色 brands [1]

Core Insights - Guangzhou's first city duty-free shop is set to open on August 26, 2023, located in the CBD core of Tianhe District, aiming to enhance the city's status as an international consumption center [1][2] - The duty-free shop is a collaboration between China Duty Free Group, Guangbai Co., Lingnan Holdings, and Baiyun Airport, and is one of the first eight city duty-free shops established following a policy announcement in August 2024 [1][2] Summary by Sections Business Model and Offerings - The duty-free shop will adopt a "duty-free + taxable," "imported + domestic," and "offline + online" business model, incorporating departure tax refund services [1] - It aims to create a "city living room" that integrates global luxury goods, local characteristics, cultural experiences, and lifestyle aesthetics [1] Product Range and Experience - The store will feature a diverse product matrix, including international beauty brands, traditional Chinese brands, and local specialties, focusing on cosmetics, watches, high-end alcoholic beverages, and tech products [2] - Special themed areas such as a whiskey theme hall and a cultural exhibition space will be established to enhance the shopping experience [2] Consumer Engagement and Benefits - On the opening day, customers will have the opportunity to purchase duty-free items at discounted prices and receive complimentary dining and travel experiences with select purchases [2] - The establishment of the city duty-free shop expands the departure duty-free policy from traditional airport locations to urban centers, providing convenient shopping for outbound travelers [2]

据悉，广州市内免税店由中免集团、广百股份、岭南控股和白云机场联合打造，是2024年8月财政部等五部门联合 印发《关于完善市内免税店政策的通知》后，全国首批新设8家市内免税店之一。 8月12日，南都N视频记者从广州市商务局获悉，广州首家市内免税店将于8月26日开业，该免税店落址于广州市 天河区广州友谊国金店一楼。 免税零售向品质零售、场景零售、体验零售升级，特设威士忌主题馆、同仁堂知嘛健康空间、Care Bear潮玩、国 潮文化馆等，打造集购物消费、体验互动于一体的沉浸式商业体验空间。该店负责人透露，开业当天，到店消费 者除了可以低价购买免税商品，购买指定爆款还将赠送米其林、黑珍珠、自助餐等饮食体验、度假酒店休闲体 验、城市知名景点旅游体验等。 该免税店以"免税+有税""进口+国产""线下+线上"的经营思路进行模式升级，并增设离境退税业务，旨在打造一个 融合全球精品、本土特色、文化体验与生活美学的"城市会客厅"。 采写：南都N视频记者 廖艳萍 据介绍，市内免税店将汇聚进口国际知名品牌、中华老字号非遗品牌与国潮岭南本土特色品牌，涵盖免税商品及 有税商品，构建以美妆护肤、腕表首饰、高端酒水为主，国潮精品、科技电子为 ...

Group 1 - The company stated that its stock price fluctuations in the secondary market are influenced by various factors including macroeconomic conditions, company performance, and market sentiment [2] - The company will continue to enhance its operational management and actively implement measures such as cash dividends to improve investment value and shareholder return capabilities [2] - If the company has any plans for share repurchase, it will strictly adhere to legal regulations and timely fulfill information disclosure obligations according to relevant rules of the Shenzhen Stock Exchange [2]

天眼查商业履历信息显示，广州市广百股份有限公司，成立于1990年，位于广州市，是一家以从事批发 业为主的企业。企业注册资本70403.8932万人民币，实缴资本70403.8932万人民币。公司法定代表人为 康永平。 通过天眼查大数据分析，广州市广百股份有限公司共对外投资了38家企业，参与招投标项目1575次，知 识产权方面有商标信息42条，此外企业还拥有行政许可97个。 来源：金融界 金融界消息 截至2025年7月30日收盘，广百股份（002187）报收于6.63元，上涨2.16%，换手率4.52%， 成交量23.40万手，成交金额1.54亿元。 资金流向方面，今日主力资金净流入2157.25万元，占比成交额14.0%。其中，超大单净流入1141.48万 元、占成交额7.41%，大单净流入1015.77万元、占成交额6.59%，中单净流出流出423.42万元、占成交 额2.75%，小单净流出1733.83万元、占成交额11.25%。 广百股份最新一期业绩显示，截至2025一季报，公司营业总收入16.14亿元、同比增长8.48%，归属净利 润2238.67万元，同比减少9.44%，扣非净利润2179.52万元 ...

Group 1 - A-share retail stocks experienced a significant rally, with Maoye Commercial hitting the daily limit up and Dalian Friendship rising over 9% [1] - The Politburo meeting emphasized the need to effectively unleash domestic demand potential, which is likely to support retail sector growth [1] Group 2 - Notable stock performances include: - Maoye Commercial: up 10.10%, market cap of 7.551 billion [2] - Dalian Friendship: up 9.14%, market cap of 4.042 billion, with a year-to-date increase of 73.39% [2] - Hongqi Chain: up 5.43%, market cap of 8.446 billion, year-to-date increase of 7.18% [2] - Guofang Group: up 3.83%, market cap of 7.406 billion, year-to-date increase of 90.53% [2] - Other stocks such as Nanning Department Store, Guangbai Shares, and Zhongxing Commercial also showed positive movements [2] - The MACD golden cross signal formation indicates a strong upward trend for these stocks [2]

Guangzhou Grandbuy Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a shift from profit to loss in the first half of 2025, with net profit attributable to shareholders projected to be a loss of RMB 15 million to RMB 20 million, a significant year-on-year decrease of 174.9% to 199.86% compared to the RMB 20.0274 million profit in the prior year, alongside an expected loss in net profit after non-recurring items and negative basic earnings per share Performance Forecast Comparison | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 15 million – RMB 20 million | Profit: RMB 20.0274 million | | Year-on-Year Change | Decrease: 174.9% - 199.86% | - | | **Net Profit After Non-Recurring Items** | Loss: RMB 10.6 million – RMB 15.6 million | Profit: RMB 21.7896 million | | Year-on-Year Change | Decrease: 148.65% - 171.59% | - | | **Basic Earnings Per Share** | Loss: RMB 0.02/share – RMB 0.03/share | Profit: RMB 0.03/share | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company explicitly states that the performance forecast data represents preliminary calculations by the finance department and has not yet undergone pre-audit by a certified public accountant - The performance forecast data is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[6](index=6&type=chunk) [Explanation of Performance Change](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The shift from profit to loss is primarily due to market environment changes and the company's proactive strategic adjustments, including closing inefficient stores, upgrading core stores, expanding duty-free new business, and digital transformation, which have temporarily reduced revenue and profit, alongside an estimated negative impact of RMB 3.8 million to RMB 4.8 million from non-recurring gains and losses on net profit - The company's performance decline is influenced by structural market changes and the impact of online retail, leading to strategic adjustments that have temporarily affected revenue and profit scale. Specific measures include[7](index=7&type=chunk) - Strategic exit from individual inefficient stores - Concentrating resources on upgrading scenes and optimizing services in flagship stores within core business districts - Vigorously expanding new business formats such as duty-free shops - Comprehensively promoting digital and intelligent transformation - During the reporting period, non-recurring gains and losses are expected to have a negative impact of **RMB 3.8 million to RMB 4.8 million** on net profit attributable to shareholders, primarily from asset disposals related to the termination of operations at individual stores, fair value changes, and government subsidies[8](index=8&type=chunk) [Other Relevant Information](index=2&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) The company reiterates that this performance forecast is a preliminary estimate and advises investors that detailed financial data will be fully disclosed in the company's 2025 semi-annual report, urging caution in investment decisions and awareness of investment risks - The company reminds investors that the final financial data will be based on the 2025 semi-annual report, and to be aware of investment risks[9](index=9&type=chunk)

证券代码：002187 证券简称：广百股份 公告编号：2025－033 广州市广百股份有限公司 关于业绩承诺补偿股份回购注销完成及补偿方案履行完毕 暨股份变动的公告 本公司及其董事、监事、高级管理人员保证公告内容真实、准确和完整， 公告不存在虚假记载、误导性陈述或者重大遗漏。 特别提示： 1、本次回购注销补偿股份共涉及一名法人股东即广州市岭南资本管理有限 公司，回购并注销的股份数量为 3,144,299 股，均为有限售条件股，占本次回购 注销前公司总股本 704,038,932 股的 0.45%。 2、本次应补偿股份由广州市广百股份有限公司（以下简称"公司"）以人 民币 1.00 元总价回购并依法予以注销。公司已于近日在中国证券登记结算有限 责任公司深圳分公司完成上述回购股份注销手续。本次回购注销完成后，公司总 股本由 704,038,932 股变更为 700,894,633 股。 一、本次股份回购注销相关情况 （一）重大资产重组基本情况 公司于 2021 年 3 月 22 日收到中国证监会《关于核准广州市广百股份有限公 司发行股份购买资产并募集配套资金的批复》（证监许可[2021]863 号）后以发 行股份 ...

Group 1 - The core issue facing traditional department stores is their decline, exemplified by the recent withdrawal of Guangbai Department Store from its East Mountain location while negotiating a lease extension for its Tianhe Zhongyi store [1][10] - Guangbai Tianhe Zhongyi store, which has been operational for nearly 20 years, initially planned to vacate by June 30 due to rising rents but has since managed to negotiate a rent reduction and extend its lease [2][4] - In contrast, Guangbai East Mountain store has officially closed, with all branding removed and plans for redevelopment into "East Mountain Future" by the property owner [5][6] Group 2 - The struggles of Guangbai reflect broader challenges in the department store sector, which is facing competition from e-commerce and a shift towards more experiential and diversified retail formats [11][10] - Guangbai has previously invested 58.17 million yuan in renovations to adapt to market demands, including introducing experiential elements like gaming and dining options [12][10] - The East Mountain store's closure signifies a shift away from traditional department store models, as the new development will focus on a mixed-use approach that includes shopping, dining, and entertainment [9][10] Group 3 - Guangbai's Beijing Road store has successfully transitioned into a modern retail space, showcasing the potential for department stores to adapt and thrive by integrating dining and entertainment [14] - The parent company, Guangzhou Lingnan Tourism Investment Group, is actively pursuing new projects, including a significant investment in a commercial property that will move away from traditional department store formats [15][14] - The transformation of Guangbai and its parent company serves as a case study for the retail industry, illustrating the need for adaptation and innovation in response to changing consumer preferences [16][10]

Core Viewpoint - The Guangbai Department Store in the Dongshankou business district of Guangzhou has reportedly withdrawn from its location, with signs and decorations being removed, and the site is set to undergo a transformation into "Dongshan Future" [2][4][10]. Group 1: Store Closure and Transformation - The Guangbai Department Store's signage has been completely removed from the building's exterior [4]. - Inside the building, several retail and dining establishments have ceased operations, with some stores still in the process of clearing out their inventory [5]. - The project will be upgraded to "Dongshan Future," aiming to enhance the commercial experience by creating a one-stop lifestyle landmark that includes shopping, dining, and entertainment [10][16]. Group 2: Impact on Surrounding Businesses - Some businesses within the building, such as a restaurant specializing in Peking duck, have closed their dine-in services due to Guangbai's withdrawal, although they continue to operate a takeaway window [5]. - The majority of operational stores are located on the second and third floors, while the fifth floor, which primarily sold electronics, is largely empty [5][10]. - The closure of Guangbai marks a significant change in the Dongshankou business district, which has seen two major department stores cease operations in the past four years, leaving only one remaining [16][17]. Group 3: Lease and Business Dynamics - Guangbai's withdrawal occurred before the expiration of its lease, which was signed for a total area of approximately 36,000 square meters at a rental price of 54.7 million RMB [17]. - The property is now under the management of the owner, Ou Hai Real Estate, which is in discussions with existing merchants about new lease agreements [16][17].