Core Viewpoint - The company reported a decline in revenue and GMV in the first half of 2025, but showed resilience in the second quarter with a year-on-year increase in revenue despite industry pressures [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 1.858 billion yuan, a year-on-year decrease of 11.0%, and a net profit attributable to shareholders of 147 million yuan, an increase of 1.2% [1]. - The company's gross merchandise volume (GMV) for H1 2025 was 3.2 billion yuan, down 26% year-on-year [1]. - In Q2 2025, the company recorded revenue of 752 million yuan, a year-on-year increase of 9.6%, and a net profit of 54 million yuan, up 4.5% [1]. Margin and Cost Management - The gross margin for H1 2025 was 23.4%, a decrease of 0.94 percentage points year-on-year, with Q2 gross margin at 23.0%, down 2.40 percentage points [2]. - The company’s expense ratio in Q2 2025 was 14.9%, a decrease of 5.04 percentage points year-on-year, with sales, management, R&D, and financial expense ratios showing varied changes [2]. Strategic Initiatives - The company is leveraging AI and RPA technologies to optimize costs and improve operational efficiency, while also implementing employee stock ownership and incentive plans to retain key personnel [2]. - The company is focusing on the rapid expansion of online liquor sales and has established a robust supply chain and operational capabilities, positioning itself as a leader in the e-commerce liquor sector [3]. Growth Outlook - The company is expected to achieve revenues of 4.484 billion yuan and 5.506 billion yuan in 2025 and 2026, respectively, with net profits projected at 322 million yuan and 409 million yuan [3]. - The current stock price corresponds to a P/E ratio of 16X for 2025, indicating strong long-term growth potential [3].

Group 1 - The core viewpoint of the article is that Xinhua Dou (002264.SZ) reported a decrease in institutional investor holdings in its semi-annual report for 2025, with a total of 6 institutional investors holding 219 million shares, accounting for 30.45% of the total share capital [1] - The institutional investor group includes Xinhua Dou Industrial Group Co., Ltd., Fujian Xinhua Dou Investment Co., Ltd., Alibaba (Chengdu) Software Technology Co., Ltd., Xinhua Dou Technology Co., Ltd. repurchase special securities account, National Social Security Fund 604 Portfolio, and Xinhua Dou Technology Co., Ltd. - "Navigator Plan (Phase IV)" employee stock ownership plan [1] - Compared to the previous quarter, the institutional holding ratio decreased by 4.91 percentage points [1] Group 2 - The National Social Security Fund 604 Portfolio is the only fund that reduced its holdings in this period, with a decrease of 0.12% compared to the previous quarter [1]

深交所 指 深圳证券交易所 《公司章程》 指 《新华都科技股份有限公司章程》 《公司法》 指 《中华人民共和国公司法》（2023 年修订） 《证券法》 指 《中华人民共和国证券法》（2019 年修订） 《管理办法》 指 《上市公司股权激励管理办法》（2025 修正） 《上市规则》 指 《深圳证券交易所股票上市规则》（2025 年修订） 《深圳证券交易所上市公司自律监管指南第 1 号——业务办 《自律监管指南》 指 理》（2025 年修订） 证监会、中国证监会 指 中国证券监督管理委员会 本所 指 泰和泰（福州）律师事务所 本所律师 指 本所为本次激励计划指派的经办律师 元 指 人民币元，中国之法定货币，除非另有说明 二、声明 为出具本法律意见书，本所及本所律师声明如下： | 关于新华都科技股份有限公司 | | | --- | --- | | "领航员计划（六期）"股票期权激励计划授予的 | | | 部分股票期权第一个行权期的行权条件成就相关事 | | | 项的 | | | 法律意见书 | | | • 23 37 中国 福州市台江区宁化街道长汀街 号 升龙环球中心 | ICC 层 | | North Bank ...

Core Viewpoint - The announcement details the successful achievement of the exercise conditions for the first exercise period of the "Navigator Plan (Phase VI)" stock option incentive plan, allowing 31 eligible participants to exercise their stock options, with an exercise ratio of 99.70% for the first exercise period [1][6][10]. Summary by Sections Incentive Plan Overview - The "Navigator Plan (Phase VI)" stock option incentive plan involves granting 14.2005 million stock options, representing 1.97% of the company's total share capital of 719,922,983 shares [1][2]. - The plan was approved by the board of directors and has undergone necessary decision-making procedures [2][3]. Decision-Making Procedures - The board and supervisory committee reviewed and approved various proposals related to the incentive plan, including the assessment management methods and the list of incentive participants [2][3]. - The plan was publicly disclosed, and no objections were raised during the public notice period [2]. Conditions for Exercise Achievement - The first waiting period for the stock options has been completed, and the exercise conditions have been met for the eligible participants [4][5]. - The financial performance for the first exercise period showed a net profit of 260,173,116.69 yuan, a year-on-year increase of 29.61%, achieving a performance completion rate of 99.70% [5][9]. Eligible Participants and Stock Options - A total of 31 mid-level management and key personnel are eligible to exercise their stock options, amounting to 4,922,983 options, which is 0.68% of the company's total share capital [7][10]. - The exercise price for the options is set at 5.84 yuan per share [7]. Fundraising and Tax Arrangements - The funds raised from the exercise will be used to supplement the company's working capital, and the personal income tax for the incentive participants will be handled through withholding by the company [9]. Legal and Compliance Opinions - The board's remuneration and assessment committee confirmed the legality and validity of the exercise qualifications for the participants, while legal counsel affirmed compliance with relevant regulations and the achievement of exercise conditions [10][11].

Group 1 - The core viewpoint of the article is that Xinhua Dou (002264.SZ) reported a decline in revenue for the first half of 2025, while net profit showed a slight increase [1] - The company achieved an operating income of 1.858 billion yuan, representing a year-on-year decrease of 10.98% [1] - The net profit attributable to shareholders of the listed company was 147 million yuan, reflecting a year-on-year growth of 1.17% [1] Group 2 - The net profit attributable to shareholders after deducting non-recurring gains and losses was 126 million yuan, which is a year-on-year decrease of 13.88% [1] - The basic earnings per share were reported at 0.21 yuan [1]

新华都科技股份有限公司 2025 年半年度财务报告 新华都科技股份有限公司 2025 年半年度财务报告 2025 年 8 月 1 新华都科技股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：新华都科技股份有限公司 2025 年 6 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 1,173,555,040.62 | 1,068,550,680.02 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 601,714,437.69 | 728,498,399.78 | | 应收款项融资 | | | | 预付款项 | 372,189,997.00 | 578,233,752.00 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 ...

法定代表人： 主管会计工作的负责人 ： 会计机构负责人： 非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：新华都科技股份有限公司 | | | | | | | | | 单位：人民币元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司的 关联关系 | 上市公司核算的 会计科目 | 2025年期初 往来资金余额 | 2025年1-6月往来累 计发生金额 | 2025年1-6月往来 资金的利息 | 2025年1-6月偿还累计 发生金额 | 2025年6月期末 占用形成原因 往来资金余额 | 占用性质 | | | | | | | （不含利息） | （如有） | | | | | 控股股东、实际控制人及其 | | | | | | | | | 非经营性占用 | | 附属企业 | | | | | | | | | 非经营性占用 | | 小 计 | - | - | - | | | | | | - | | 前控股股东、实际控制人及 | | | | | | | | | 非经营性占用 ...

新华都科技股份有限公司 证券代码：002264 证券简称：新华都 公告编号：2025-066 关于 2025 年半年度募集资金存放、管理与使用情况 专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 根据《上市公司募集资金监管规则》、《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》的规定，现将新华都科技股份有限公司（以 下简称"公司"、"本公司"）募集资金 2025 年半年度存放、管理与使用情况公告 如下： 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于核准新华都购物广场股份有限公司非公 开发行股票的批复》（证监许可〔2021〕2941 号），本公司由主承销商国投证券 股份有限公司（原名：安信证券股份有限公司，下同）采用非公开方式，向特定 对象发行人民币普通股（A 股）股票 3,594.08 万股，发行价为每股人民币 4.73 元，共计募集资金 17,000.00 万元，坐扣承销和保荐费用 595.00 万元后的募集 资金为 16,405.00 万元，已由主承销商国投证券股份有限公 ...

证券代码：002264 证券简称：新华都 公告编号：2025-064 新华都科技股份有限公司 第六届董事会第二十三次会议决议公告 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。 新华都科技股份有限公司（以下简称"公司"）第六届董事会第二十三次会 议于 2025 年 8 月 25 日 10:00 在福州市鼓楼区五四路 162 号新华都大厦北楼 7 层以现场加通讯表决方式召开，会议通知已于 2025 年 8 月 15 日以书面及电子邮 件等方式送达。本次会议应出席董事 6 人，实际出席董事 6 人，公司高级管理人 员列席了本次会议，会议由董事长倪国涛先生主持。本次会议的召集、召开符合 《中华人民共和国公司法》、《深圳证券交易所股票上市规则》、《新华都科技 股份有限公司章程》及《新华都科技股份有限公司董事会议事规则》等有关规定。 一、董事会会议审议情况 经与会董事认真审议，本次会议以投票表决方式表决通过了以下决议： （一）以 6 票同意、0 票反对、0 票弃权表决通过了《关于审议 2025 年半年 度报告全文及摘要的议案》。 经审核，全体董事一致认为公司 2025 ...

证券代码：002264 证券简称：新华都 公告编号：2025-067 新华都科技股份有限公司 关于"领航员计划（六期）"股票期权激励计划授予的部分股票 期权第一个行权期的行权条件成就的公告 | 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 | | --- | | 载、误导性陈述或重大遗漏。 | 新华都科技股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开第 六届董事会第二十三次会议审议通过了《关于"领航员计划（六期）"股票期权 激励计划授予的部分股票期权第一个行权期的行权条件成就的议案》。董事会认 为部分激励对象所持授予的部分股票期权第一个行权期的行权条件已经成就，同 意为符合行权条件的31名激励对象办理授予股票期权第一个行权期行权相关事宜， 本次可行权的股票期权行权比例为第一个行权期行权比例 40%的 99.70%。现对具 体情况公告如下： 一、本激励计划简述及已履行的决策程序 （一）本激励计划简述 公司"领航员计划（六期）"股票期权激励计划（以下简称"本激励计划"、 "激励计划"）采取的激励工具是股票期权。公司拟向激励对象授予 1,420.05 万 份股票期权， ...