8月27日，步步高（维权）盘中上涨2.15%，截至13:53，报5.23元/股，成交7.85亿元，换手率7.15%，总 市值140.62亿元。 资金流向方面，主力资金净流出488.34万元，特大单买入7014.97万元，占比8.93%，卖出6121.04万元， 占比7.79%；大单买入1.64亿元，占比20.89%，卖出1.78亿元，占比22.65%。 步步高今年以来股价涨32.41%，近5个交易日涨8.06%，近20日跌1.69%，近60日跌3.86%。 今年以来步步高已经6次登上龙虎榜，最近一次登上龙虎榜为5月6日，当日龙虎榜净买入-2934.81万 元；买入总计1.09亿元 ，占总成交额比6.84%；卖出总计1.38亿元 ，占总成交额比8.69%。 资料显示，步步高商业连锁股份有限公司位于湖南省长沙市东方红路649号步步高大厦，成立日期2003 年12月11日，上市日期2008年6月19日，公司主营业务涉及商品零售业务。主营业务收入构成为：超市 64.34%，其他(补充)27.44%，百货6.01%，物流及广告2.21%。 步步高所属申万行业为：商贸零售-一般零售-超市。所属概念板块包括：免税概念、统一 ...

格隆汇8月26日｜A股市场零售股尾盘拉升，其中，国光连锁直线涨停，友阿股份涨超6%，天虹股份、 家家悦、国芳集团、东百集团、步步高等跟涨。 ...

本文来自微信公众号： 巨潮WAVE （ID：WAVE-BIZ） ，作者：侯恬，编辑：杨旭然，题图来自： AI生成 以下文章来源于巨潮WAVE ，作者侯恬 巨潮WAVE . 融入时代巨潮，发现商业决策。 "穷玩车，富玩表"的说法曾经在中国长期流传。并不夸张地说，自欧洲手表进入中国开始，它便成了 财富和身份的代名词。 一块欧洲名表的价格，能抵得上普通人多年的薪水，它不只是体面的象征，更是被当成了实打实 的"硬资产"。就像很多电影里演的，"大佬送礼"常选名表，遇上突发状况还可以把表拿去典当或转 手，立刻就能换得一笔救急的现金。 但近两年情况开始剧烈变化。过去"一表难求"的劳力士，如今在二手市场上价格一跌再跌。如从 2022年3月的高点到2025年3月，劳力士二手指数已下滑近三分之一，创下四年来新低。 此外，江诗丹顿、伯爵、百达翡丽等高端品牌的价格同样承压，名表等于"硬通货"的逻辑，正在被现 实打破。 国产手表则开始获得更多关注。海鸥、飞亚达的部分系列受到消费者的追捧，尤其是国家领导人佩戴 的飞亚达表，一度引起了资本市场的高度关注。 欧洲名表的另一竞争对手——智能手表也在加速崛起。华为、小米等品牌的产品不仅价格亲民， ...

Group 1 - The core point of the article is that 31 stocks will have their restrictions lifted next week, with a total market value of 23.481 billion yuan based on the latest closing prices [1] - Rongbai Technology has the highest market value of restricted shares to be released, with 250 million restricted shares becoming tradable next week, primarily consisting of original shareholders' restricted shares from the initial public offering [1] - Several companies, including Nine Company-WD, Baiwei Storage, Rongbai Technology, Wanma Co., and Yinhui Technology, have recently received institutional research [1] Group 2 - The table lists the stocks with the highest market value of restrictions lifted, including Rongzi Technology (5.707 billion yuan), Zhenhua Wind Power (5.282 billion yuan), and Xuantai Pharmaceutical (3.798 billion yuan) [3] - The percentage of restricted shares released relative to the total shares varies, with Xuantai Pharmaceutical having 68.61% of its shares restricted, while Zhenhua Wind Power has 43.04% [3] - The price changes since August for these stocks show varied performance, with Kai Ge Precision Machinery increasing by 31.54% and Xuantai Pharmaceutical decreasing by 4.01% [3]

股票简称：步步高 股票代码：002251 公告编号：2025-038 步步高商业连锁股份有限公司 关于部分限售股份上市流通的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性陈述 或重大遗漏。 2023 年 9 月 25 日，湘潭市中级人民法院（以下简称"湘潭中院"）裁定受理 步步高商业连锁股份有限公司（以下简称"公司"或"步步高股份"）子公司湘潭 新天地步步高商业有限公司、湘潭华隆步步高商业管理有限公司重整，并于同日指 定步步高股份清算组担任管理人，具体详见公司披露的《关于法院裁定受理全资子 公司重整的公告》（公告编号：2023-081）。2023 年 10 月 26 日，湘潭中院裁定受 理龙牌食品股份有限公司对步步高股份的重整申请。2023 年 11 月 8 日，公司收到 湘潭中院送达的（2023）湘 03 破 16-1 号《决定书》，湘潭中院指定步步高股份清 算组担任管理人。具体详见公司披露的《关于法院裁定受理公司重整的公告》（公 告编号：2023-089）。2023 年 11 月 29 日，湘潭中院裁定受理步步高股份全资子公 司四川步步高商业有限责任公司、江西步步 ...

Group 1 - In July, the total retail sales of consumer goods reached 38,780 billion yuan, with a year-on-year growth of 3.7% [1][6] - Excluding automobiles, the retail sales of consumer goods amounted to 34,931 billion yuan, growing by 4.3% [1][6] - From January to July, the total retail sales of consumer goods were 284,238 billion yuan, with a growth rate of 4.8% [1][6] Group 2 - Urban retail sales in July were 33,620 billion yuan, reflecting a year-on-year increase of 3.6%, while rural retail sales reached 5,160 billion yuan, growing by 3.9% [3] - For the first seven months, urban retail sales totaled 246,669 billion yuan, with a growth of 4.8%, and rural retail sales were 37,569 billion yuan, increasing by 4.7% [3] Group 3 - In July, the retail sales of goods were 34,276 billion yuan, with a year-on-year growth of 4.0%, while catering revenue was 4,504 billion yuan, growing by 1.1% [3][6] - From January to July, the retail sales of goods reached 252,254 billion yuan, with a growth of 4.9%, and catering revenue was 31,984 billion yuan, increasing by 3.8% [3] Group 4 - For the first seven months, retail sales in convenience stores, supermarkets, department stores, specialty stores, and brand exclusive stores grew by 7.0%, 5.2%, 1.1%, 5.8%, and 1.9% respectively [4] - The national online retail sales reached 86,835 billion yuan, with a year-on-year growth of 9.2%, and the physical goods online retail sales were 70,790 billion yuan, growing by 6.3% [4] Group 5 - The newly opened Apple Store in Shenzhen is the third in the city and the 58th in Greater China, completing the layout along the east-west axis of Shenzhen [11] - The first city duty-free store in Shenzhen is set to open on August 26, featuring a diverse range of products including beauty, watches, and high-end liquor [13] Group 6 - The local fashion brand Lemanism is opening its first store in Nanchang, focusing on a comfortable and sunny shopping experience for the youth [25] - The brand BornTooth is expanding with its fourth store in Shanghai, emphasizing natural pet care products [27] Group 7 - The high-end dining brand PIZZERIA from Pizza Hut has opened its first store in South China, targeting young consumers with a focus on aesthetic dining experiences [30] - JD's first outlet in Nanjing has opened, featuring over 70 brands and a unique shopping experience [31] Group 8 - The sports brand 361 Degrees reported a revenue of 5.705 billion yuan for the first half of 2025, with a year-on-year growth of 11% [38] - Lilang Group's revenue for the first half of the year was 1.727 billion yuan, reflecting a growth of 7.9% [41] Group 9 - The company Bubu Gao reported a net profit of 201 million yuan for the first half of 2025, marking a significant turnaround [42] - The company has improved its operational quality by closing underperforming stores and focusing on high-potential locations [43]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the first half of 2025, indicating a successful turnaround and operational improvements [1] Financial Performance - The company achieved a revenue of 2.129 billion yuan, representing a year-on-year increase of 24.45% [1] - The net profit attributable to shareholders reached 201 million yuan, marking a substantial year-on-year growth of 357.71% and a return to profitability [1] Operational Improvements - The company attributed its revenue growth to various efforts, including store optimization, improved product management, and enhanced supply chain efficiency [1] - The supermarket sales saw a significant increase, contributing to the overall revenue growth [1]

Core Viewpoint - The recent financial report of Bubugao (002251) shows significant growth in both revenue and net profit for the first half of 2025, indicating a positive trend in the company's financial performance [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 2.133 billion yuan, a year-on-year increase of 24.39% [1]. - Net profit attributable to shareholders was 201 million yuan, up 357.71% compared to the previous year [1]. - In Q2 2025, total revenue was 978 million yuan, reflecting a 24.74% increase year-on-year, while net profit for the quarter was 81.62 million yuan, up 183.21% [1]. - Gross margin stood at 36.32%, down 8.61% year-on-year, while net margin improved to 9.89%, an increase of 340.79% [1]. - Total expenses (selling, administrative, and financial) amounted to 688 million yuan, accounting for 32.25% of revenue, a decrease of 23.21% year-on-year [1]. - Earnings per share (EPS) increased to 0.07 yuan, a rise of 333.33% year-on-year [1]. Key Financial Changes - Long-term equity investments decreased by 49.65% due to the sale of equity in an associate [3]. - Accounts receivable financing increased by 369.92% due to a rise in bank acceptance bills [4]. - Debt investments rose by 44.44% as a result of increased medium and long-term loans from a small loan company [5]. - Development expenditures surged by 152.28% due to investments in business system research and development [6]. - Expected liabilities decreased by 90.58% as some litigation matters were resolved [7]. - Operating costs increased by 31.52% in line with revenue growth [8]. - Financial expenses rose by 90.22% due to new amortization of debt benefits and previous periods' interest exemptions [8]. - Income tax expenses increased by 187.82% due to higher profit totals [8]. Cash Flow and Debt Analysis - Net cash flow from investing activities decreased by 189.54% due to increased expenditures on store renovations and loans from a small loan company [8]. - Net cash flow from financing activities fell by 31.48% as the company repaid loans and paid interest according to its restructuring plan [9]. - The net increase in cash and cash equivalents dropped by 350.53% due to the aforementioned expenditures and repayments [9]. Business Model and Performance Evaluation - The company's return on invested capital (ROIC) was 9.61% last year, indicating a generally weak capital return rate over recent years [10]. - The historical financial performance shows a median ROIC of 2.86% over the past decade, with three years of losses, suggesting a fragile business model [10]. - The company's performance is primarily driven by marketing efforts, necessitating a thorough examination of the underlying factors [10].

Core Viewpoint - The company has not distributed cash dividends or issued new shares during the reporting period, and there have been no changes in the controlling shareholder or actual controller [3][4]. Group 1: Company Overview - The company is undergoing a restructuring plan involving 14 subsidiaries, with a significant number of restricted shares being released for trading [5]. - As of August 4, 2025, 561,491,238 shares, accounting for 20.88% of the total share capital, were released from restrictions, increasing the number of tradable shares [5]. Group 2: Financial Data and Shareholder Information - The total share capital remains unchanged at 2,688,699,689 shares, while the number of freely tradable shares increased from 1,513,380,881 to 2,074,872,119 shares [5]. - The company has undergone retrospective adjustments to its financial data for unspecified reasons [3]. Group 3: Board and Supervisory Meetings - The seventh board meeting was held on August 13, 2025, with all nine directors present, and the proposal for the 2025 semi-annual report was unanimously approved [7]. - The supervisory board also convened on the same day, with all five supervisors present, and approved the same report, confirming its compliance with legal and regulatory requirements [9].

Key Points - Tianpu Co., Ltd. is planning a change in control, leading to a suspension of trading from August 15, 2025, for up to two trading days [2] - Chipsea Technology and Shunhao Co., Ltd. are preparing to issue H-shares and list on the Hong Kong Stock Exchange, with plans to consider shareholder interests and market conditions [3] - ST Suwu's stock closed at 0.99 yuan on August 14, 2025, which is below the 1 yuan threshold that could lead to delisting after 20 consecutive trading days [4] Financial Performance - Bubu Gao reported a revenue of 2.129 billion yuan for the first half of 2025, a year-on-year increase of 24.45%, with a net profit of 201 million yuan [6] - Kelun Electronics achieved a revenue of 2.573 billion yuan, up 34.66% year-on-year, with a net profit of 190 million yuan [6] - Limin Co., Ltd. reported a revenue of 2.452 billion yuan, a 6.69% increase, and a net profit of 269 million yuan, up 747.13% [6] - Zhongguang Fanglong reported a revenue of 217 million yuan, a 10.31% increase, and a net profit of 10.6787 million yuan, up 321.87% [6] - Chuanjin Nuo reported a revenue of 1.744 billion yuan, a 27.91% increase, and a net profit of 177 million yuan, up 166.51% [6] - Taicheng Light reported a revenue of 828 million yuan, a 62.49% increase, and a net profit of 173 million yuan, up 118.02% [7] - Huagong Technology reported a revenue of 7.629 billion yuan, a 44.66% increase, and a net profit of 911 million yuan, up 44.87% [8] - Yifan Pharmaceutical reported a revenue of 2.635 billion yuan, a slight increase of 0.11%, and a net profit of 304 million yuan, up 19.91% [8] - Xidian New Energy reported a revenue of approximately 1.39 billion yuan, a 65.90% increase, and a net profit of approximately 139 million yuan, up 51.66% [8] - China Telecom reported a revenue of 269.4 billion yuan, a 1.3% increase, and a net profit of 23 billion yuan, up 5.5% [9] Important Transactions - Kangda New Materials plans to acquire 51% of Chengdu Zhongke Huamei Electronics for 275.4 million yuan, aiming to expand in the semiconductor integrated circuit field [13] - Jingu Co., Ltd. signed a strategic cooperation agreement with Luming Robotics to explore new material applications in robotics [13] - Zhaowei Electromechanical plans to invest up to 100 million USD in a new production base in Thailand [13] - Zhongyuan Neipei's subsidiary received a notification to supply smart electric control actuators for a European engineering group, with a projected sales amount of approximately 490 million yuan over nine years [14] - Jiadian Co., Ltd. won a bid for nuclear power project equipment worth approximately 608.98 million yuan [14] - Shenzhen Airport reported a passenger throughput of 5.4352 million in July 2025, a 2.02% year-on-year increase [14] - Gansu Energy Chemical received approval to resume production at a coal mine after safety inspections [14]