Core Viewpoint - Tianhong Co., Ltd. announced the election of Ms. Zhang Yang as the employee representative director of the seventh board of directors during the employee representative meeting held on September 18, 2025 [1] Group 1 - The employee representative meeting was held on September 18, 2025 [1] - The election was conducted through a secret ballot [1] - Ms. Zhang Yang was elected as the employee representative director [1]

证券代码：002419 证券简称：天虹股份 公告编号：2025-049 天虹数科商业股份有限公司 2025 年第二次临时股东会决议公告 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。 特别提示： 1.本次股东会没有出现否决议案的情形； 2.本次股东会没有涉及变更前次股东会的决议。 3.召开方式：本次股东会采取现场表决与网络投票相结合的方式。 4.股权登记日：2025 年 9 月 10 日。 5.会议召集人：天虹数科商业股份有限公司（以下简称"公司"）第六届董 事会。 6.会议主持人：公司董事、总经理黄国军先生。 7.本次会议的召开符合《公司法》、《上市公司股东会规则》和《公司章程》 等有关规定。 一、会议召开和出席情况 （一）会议召开情况 1.召开时间：2025 年 9 月 18 日（星期四）下午 14:30。 网络投票日期、时间：2025 年 9 月 18 日。其中，通过深圳证券交易所交易 系统进行网络投票的具体时间为：2025 年 9 月 18 日 9:15-9:25，9:30－11:30 和 13:00－15:00；通过深圳证券交易所互联网投票系统投票的 ...

北京市中伦（深圳）律师事务所 关于天虹数科商业股份有限公司 2025 年第二次临时股东会的 法律意见书 二〇二五年九月 北京市中伦（深圳）律师事务所 关于天虹数科商业股份有限公司 2025 年第二次临时股东会的 法律意见书 致：天虹数科商业股份有限公司 北京市中伦（深圳）律师事务所（下称"本所"）接受天虹数科商业股份有 限公司(下称"公司"/"天虹股份")的委托，指派律师对公司 2025 年第二次临 时股东会（下称"本次股东会"）的合法性进行见证并出具法律意见书。 本所及本所律师依据《中华人民共和国证券法》、《律师事务所从事证券法 律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本 法律意见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了 勤勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见书所认定的 事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误 导性陈述或者重大遗漏，并承担相应法律责任。 本法律意见书根据《中华人民共和国公司法》（下称"《公司法》"）、《中 华人民共和国证券法》、《上市公司股东会规则》（下称"《股东会规则》"） 等现行有效的 ...

证券代码：002419 证券简称：天虹股份 公告编号：2025-050 附件：公司第七届董事会职工代表董事简历 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。 根据《中华人民共和国公司法》（以下简称"《公司法》"）和《天虹数科 商业股份有限公司（以下简称"公司"）章程》等有关规定，公司于2025年9月 18日召开了职工代表大会，职工代表通过无记名投票方式，同意选举张阳女士为 公司第七届董事会职工代表董事（简历详见附件）。 张阳女士符合法律法规、规范性文件和《公司章程》规定的有关职工代表董 事的任职资格和条件，将与公司2025年第二次临时股东会选举产生的8名其他董 事共同组成公司第七届董事会，任期与第七届董事会任期一致。 本次选举完成后，公司董事会中兼任公司高级管理人员以及由职工代表担任 的董事人数总计未超过公司董事总数的二分之一。 特此公告。 天虹数科商业股份有限公司董事会 二〇二五年九月十八日 1 天虹数科商业股份有限公司 关于选举职工代表董事的公告 张阳女士，中国国籍，无境外永久居留权，1984 年 11 月出生，中国人民大 学管理学学士学位，现任公司党建 ...

Core Insights - Tianhong Co., Ltd. executed a block trade of 1.88 million shares on September 16, with a transaction value of 9.6068 million yuan, representing 9.03% of the total trading volume for that day [1]. Summary by Category Trading Details - The transaction price was set at 5.11 yuan per share, which is a discount of 10.66% compared to the market closing price of 5.72 yuan [1]. - The total volume of shares traded in the block transaction was 188,000 shares [1]. Institutional Participation - The block trade involved multiple institutional buyers, with significant participation from Guangfa Securities and Guotou Securities [2]. - Specific transactions included: - 40,000 shares at 5.11 yuan, totaling 204.40 thousand yuan, executed by an institutional buyer [2]. - 30,000 shares at 5.11 yuan, totaling 153.30 thousand yuan, executed by Guotou Securities [2]. - 78,000 shares at 5.11 yuan, totaling 398.58 thousand yuan, executed by another institutional buyer [2].

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 6.01 billion yuan for the first half of 2025, a year-on-year decline of 1.8%, with a net profit attributable to shareholders of 150 million yuan, remaining basically flat year-on-year. In Q2 alone, revenue was 2.74 billion yuan, down 1.3%, and net profit attributable to shareholders was 2.77 million yuan, a decline of 40.8% year-on-year, with a non-recurring net loss of 8 million yuan, which represents a year-on-year reduction in loss of 21.3% [2][4]. Summary by Sections Financial Performance - In the first half of 2025, the company achieved a sales revenue of 18.7 billion yuan, a year-on-year increase of 2.55%. The sales revenue from self-operated shopping centers, department stores, and supermarkets grew by 7.25%, declined by 4.30%, and declined by 3.33% respectively. The company operated 46 shopping centers, 58 department stores, and 106 supermarkets by the end of the reporting period, with a net change of 0, -1, and -2 stores respectively compared to Q1 [10]. Profitability - The profit margins for the shopping centers, department stores, and supermarkets showed a mixed performance, with shopping centers and supermarkets experiencing significant profit growth. The gross profit margin for supermarkets increased by 0.66 percentage points to 23.33%, attributed to the brand upgrade of SP@CE3.0 and improvements in operational efficiency through digitalization [10]. Cost Control - The company managed to control its expenses effectively, with total period expenses decreasing by 6.67 million yuan. The overall expense allocation was optimized, focusing on high-potential areas and core business segments, which contributed to improved operational efficiency [10]. Future Outlook - The company is expected to achieve earnings per share (EPS) of 0.11, 0.15, and 0.19 yuan for the years 2025, 2026, and 2027 respectively, indicating a positive growth trajectory [10].

Group 1 - The company Tianhong Co., Ltd. (002419) reported that as of September 10, 2025, the number of shareholders is 35,706 [1]

Group 1 - Shenzhen Honggang Tianhong Mall will close on September 15, marking a trend of traditional department stores declining [1] - Tianhong's closure is part of a broader strategy as the company seeks new development opportunities, focusing on shopping centers and supermarkets [1] - Tianhong has faced performance pressures, with closures of multiple stores this year, including Huizhou Junshang and Zhuzhou Tianhong, resulting in significant one-time losses [1][2] Group 2 - Tianhong is actively pursuing a transformation in its retail business, upgrading its SP@CE3.0 supermarket brand and enhancing shopping center experiences [2] - The company reported a revenue of 6.009 billion yuan for the first half of 2025, a decrease of 1.79% year-on-year, with a slight decline in net profit [2] - The overall retail sector is experiencing pressure, with traditional "department store + supermarket" models losing appeal, leading to a mix of new openings and closures [2][3] Group 3 - Other retail companies like Yonghui Supermarket and Lianhua Supermarket are also facing declines, with Yonghui reporting a 20.73% drop in revenue and closing 227 stores [2][3] - Lianhua Supermarket opened 95 new stores while closing 121 underperforming ones, indicating a trend of dynamic adjustments in the industry [3] - The traditional supermarket sector is under increasing competition due to e-commerce, changing consumer habits, and the rise of community commerce, necessitating a search for new growth points [3]

Group 1 - Shenzhen Honggang Tianhong Mall will close on September 15, marking a trend of traditional department stores facing decline [1][3] - Tianhong's closure is part of a broader strategy, as the company is seeking new development opportunities and focusing on shopping centers and supermarkets [1][4] - Tianhong has already announced the closure of two other malls in July, resulting in a one-time loss of approximately 20.92 million yuan and 60.24 million yuan respectively [3][4] Group 2 - In the first half of 2025, Tianhong opened only one new shopping center, while operating 46 shopping centers, 58 department stores, and 106 supermarkets across seven provinces/cities [4][5] - The company is actively pursuing a transformation in its retail business, focusing on upgrading its SP@CE3.0 supermarket brand and enhancing shopping center experiences [4][6] - Tianhong's revenue for the first half of 2025 was 6.009 billion yuan, a year-on-year decrease of 1.79%, with a net profit of 154 million yuan, down 0.05% [5][6] Group 3 - The overall retail sector is experiencing pressure, with traditional "department store + supermarket" models losing appeal, leading to a wave of store closures [6][7] - Other listed companies in the supermarket sector, such as Yonghui Supermarket and Lianhua Supermarket, also reported significant revenue declines and store closures in their recent financial reports [6][7] - The industry is facing intensified competition due to e-commerce impacts, changing consumer habits, and the rise of community commerce, necessitating structural adjustments and new growth strategies [7]

Group 1 - The core point of the article is that Tianhong Co., Ltd. received a notice from Wulong Company regarding the reduction of its shares in Tianhong Digital Commercial Co., Ltd. by over 1% [1] - Wulong Company reduced its holdings by a total of 12,246,000 shares, which represents 1.0477% of the total share capital of Tianhong Co., Ltd. [1]