证券代码：002419 证券简称：天虹股份 公告编号：2025-024 天虹数科商业股份有限公司 一、会议召开和出席情况 （一）会议召开情况 1.召开时间：2025 年 5 月 13 日（星期二）下午 14:30。 网络投票日期、时间：2025 年 5 月 13 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 5 月 13 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具体时间为：2025 年 5 月 13 日 9:15－15:00。 2.现场会议召开地点：深圳市南山区中心路（深圳湾段）3019 号天虹大厦 18 楼 2 号会议室。 3.召开方式：本次股东大会采取现场表决与网络投票相结合的方式。 2024 年度股东大会决议公告 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.本次股东大会没有出现否决议案的情形。 2.本次股东大会没有涉及变更前次股东大会的决议。 4.股权登记日：2025 年 5 月 6 日。 5.会议召集人：天虹数科商业股份有限公司（ ...

5月13日涨停分析 今日共48股涨停，连板股总数11只，19股封板未遂，封板率为71%（不含ST股、退市股）。焦点股方面，军工板块成飞集成、利君股份、天箭科技均晋级5 连板，化工股红墙股份16天10板，高外销占比的华纺股份反包涨停走出6天5板。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 宝馨科技 | 6天4板 | 9.93% | 09:42 | 机器人+光 | | 002514 | | | | 伏 | | 百达精工 | 4天3板 | 9.98% | 14:10 | 压缩机+光 | | 603331 | | | | 伏 | | 鑫磊股份 | 4天2板 | 20.00% | 14:22 | 压缩机+光 | | 301317 | | | | 伏 | | 集泰股份 | 首板 | 9.97% | 09:36 | 光伏+有机 | | 002909 | | | | 硅 | | 欧晶科技 | 首板 | 9.98% | 09:41 | 光伏+半导 | | 001269 | | | | 体 | | 泉运通 | 首板 | 10.14% | ...

Core Viewpoint - The "Seventh Double Product Online Shopping Festival" in Shenzhen aims to stimulate consumer spending through a collaborative model involving government, enterprises, and the public, enhancing the integration of online and offline shopping experiences [1][3]. Group 1: Event Overview - The festival is themed "Deep Enjoyment of Quality Products, Shenzhen in Cloud Shopping" and features five major thematic activities, including "Quality E-commerce," "Foreign Trade Quality Products," "Scenario Innovation," "Silk Road Cloud Products," and "Digital Commerce Supporting Industries" [3]. - The event will last for 15 days, promoting city-wide participation in online shopping to invigorate Shenzhen's digital consumption [3]. Group 2: Participation and Scale - Over 20 key e-commerce platforms and brand merchants, including JD.com, Ecovacs, Haier, and others, are participating, indicating an increase in both the number of participating companies and market scale compared to the previous year [3][5]. - The festival aims to meet the diverse consumption needs of citizens during the "May Day" holiday with a variety of marketing and promotional activities [3]. Group 3: Special Promotions - JD.com launched a "Green Smart, Old for New" initiative, offering subsidies up to 2,000 yuan for 3C home appliances [5]. - Ecovacs showcased its latest smart home products, highlighting the new consumer experiences enabled by technology [5].

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【杭州银行（600926.SH）】扩表强度高，盈利增速稳——2025年一季报点评 杭州银行25Q1营收、拨备前利润、归母净利润同比增速分别为2.2%、3%、17.3%，利息收入贡献季环比 提升，盈利增速维持高位。2025年是杭州银行"二二五五"战略收官之年，更是新征程的起笔之处，1Q信 贷投放实现"开门红"，资产质量保持稳健，盈利增速在17%以上，基本面韧性较强。 （王一峰/董文欣） 2025-04-29 您可点击今日推送内容的第1条查看 【盈峰环境（000967.SZ）】环卫装备销量连续24年国内第一，环卫电动化推进行业领先——2024年年报 &2025年一季报点评 （洪吉然） 2025-04-29 您可点击今日推送内 ...

公司 1Q2025综合毛利率下降0.70个百分点，期间费用率增长0.03个百分点 1Q2025公司综合毛利率为36.25%，同比下降0.70个百分点。2024年公司综合毛利率为36.89%，同比下降 1.38个百分点。 1Q2025公司期间费用率为31.12%，同比增长0.03个百分点。其中，销售/管理/研发/财务费用率分别为 27.53%/2.67%/0.74%/0.17%，同比分别变化+0.33/-0.32/+0.15/-0.12个百分点。2024年公司期间费用率为 35.94%，同比下降1.10个百分点。其中，销售/管理/研发/财务费用率分别为31.21%/3.51% /0.78%/0.45%， 同比分别变化-0.92/+0.36/+0.11/-0.65个百分点。 业务升级转型，强化数字化能力 点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因 ...

Core Viewpoint - The company reported its Q1 2025 earnings, showing a slight decline in revenue but an increase in net profit, indicating improved profitability despite short-term revenue pressure [1]. Group 1: Financial Performance - Q1 2025 revenue was 3.267 billion yuan, a year-on-year decrease of 2.18% [1]. - Net profit attributable to shareholders was 151 million yuan, an increase of 1.22% year-on-year [1]. - Non-recurring net profit reached 134 million yuan, up 6.20% year-on-year [1]. - Gross margin for Q1 2025 was 36.25%, a decrease of 0.70 percentage points year-on-year [3]. Group 2: Operational Metrics - The company operated 46 shopping centers, 59 department stores, and 108 supermarkets across 35 cities in 7 provinces, totaling over 4.83 million square meters [1]. - Comparable store revenue was 930.4 million yuan, with new store revenue at 30.7 million yuan, showing a year-on-year decline of 2.83% for comparable stores [2]. - The rental rates for shopping centers and department stores were 92.37% and 91.87%, respectively, with sales per square meter at 1,122 yuan and 1,250 yuan [2]. Group 3: Strategic Initiatives - The company is focusing on digital transformation, with over 48 million digital members and online sales exceeding 5.7 billion yuan [4]. - The introduction of AI technologies, including the self-developed AI model, aims to enhance operational efficiency and customer interaction [4]. - The company achieved a 30.5% year-on-year increase in revenue from digital services, positioning it as a long-term growth driver [4]. Group 4: Cost Management - The company maintained a stable expense control strategy, achieving a period expense ratio of 31.12%, an increase of 0.03 percentage points year-on-year [3]. - Sales expense ratio was 27.53%, management expense ratio was 2.67%, financial expense ratio was 0.17%, and R&D expense ratio was 0.74% [3].

Group 1: Company Performance Overview - In Q1 2025, overall customer traffic increased by 13.8%, while revenue decreased by 2.18% year-on-year [1] - Shopping centers showed a revenue growth of 2.8% year-on-year, while department store revenue declined by nearly 9% [1] - Supermarket revenue decreased by 2.2%, but the decline was less significant, with a comparable store gross margin increasing by 0.7 percentage points [1] - Total expenses decreased by 2% year-on-year in Q1 2025, following a 5% reduction in total expenses for 2024 [1] Group 2: SP@CE3.0 Brand Upgrade - The SP@CE3.0 brand was launched on September 6, 2024, in Shenzhen, featuring nine lifestyle theme pavilions and a full warehouse fulfillment center [2] - The proportion of fresh and cooked food increased to 45%, while packaged food and daily necessities saw a decline [2] - Daily average customer transaction volume increased by 42% from September to December 2024, and by approximately 38% in Q1 2025 [2] - Plans for 2025 include standardizing and modifying 5 stores and partially adjusting 18 stores to enhance the SP@CE3.0 brand [2] Group 3: Transformation Directions for Shopping Centers and Department Stores - Shopping centers aim to create influential benchmark stores through product innovation, space design, and scenario operations [3] - The focus for department stores will be on urban center stores catering to upgraded consumption needs and community stores emphasizing quality-price retail [3] - Plans include opening 2 new shopping centers in Changsha and Meizhou in 2025 [4] Group 4: Development of Lingzhi Digital Technology - Lingzhi Digital Technology developed the "Bailing Bird" AI model in 2024, with continued investment in AI and algorithm research [5] - The AI model enhances customer experience and operational efficiency, contributing to a 30.5% year-on-year revenue growth in Q1 2025 [5] - The revenue increase is primarily driven by the growth of the "Xiao Huer" flexible labor platform, which integrates gig work, recruitment management, and intelligent scheduling [5] Group 5: Cash Flow and Financial Management - The decline in net cash flow from operating activities in Q1 2025 was attributed to reduced cash receipts from sales and timing issues with supplier payments [7]

Financial Performance - The basic earnings per share for Q1 2025 is 0.1292 yuan, showing a 1.25% increase compared to Q1 2024's 0.1276 yuan, but a decrease from Q1 2023's 0.1781 yuan [1] - The total revenue for Q1 2025 is 32.67 billion yuan, a decrease of 2.19% from Q1 2024's 33.4 billion yuan and a decline from Q1 2023's 33.84 billion yuan [1] - The net profit for Q1 2025 is 1.51 billion yuan, reflecting a 1.34% increase from Q1 2024's 1.49 billion yuan, but a significant drop from Q1 2023's 2.08 billion yuan [1] - The return on equity for Q1 2025 is 3.62%, an increase from 3.48% in Q1 2024, but down from 5.02% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 74,038.18 million shares, accounting for 63.37% of the circulating shares, with an increase of 2,098.22 million shares compared to the previous period [1] - The largest shareholder, AVIC Technology Co., Ltd., holds 52,088.55 million shares, representing 44.57% of the total share capital, with no change in holdings [2] - Five Dragon Trading Co., Ltd. has reduced its holdings by 2,442.90 million shares, now holding 11,688.50 million shares, which is 10.00% of the total [2] - New entrants among the top shareholders include Zhou Yuguang with 2,320.47 million shares (1.99%) and Zhang Sufen with 557.00 million shares (0.48%) [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [2]

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,267,442,809.47, a decrease of 2.18% compared to ¥3,340,255,853.24 in the same period last year[6] - Net profit attributable to shareholders increased by 1.22% to ¥151,000,397.18 from ¥149,175,955.20 year-on-year[6] - The total revenue for the current period is CNY 3,267,442,809.47, a decrease of 2.17% from CNY 3,340,255,853.24 in the previous period[33] - Net profit for the current period is CNY 151,331,954.96, an increase of 1.21% compared to CNY 149,523,393.42 in the previous period[34] - The company reported a profit margin decrease of 20.55% in department stores year-on-year[22] Cash Flow and Liquidity - The net cash flow from operating activities significantly dropped by 99.34% to ¥2,733,938.40, compared to ¥415,236,687.61 in the previous year[6] - The company's cash and cash equivalents decreased from CNY 2,383,311,703.95 to CNY 346,795,865.93 during the reporting period[30] - Total cash inflow from operating activities was 5,041,092,119.42, down 5.00% from 5,306,331,810.65 in the previous period[35] - Cash outflow from operating activities increased to 5,038,358,181.02, up 2.99% from 4,891,095,123.04[35] - Cash and cash equivalents at the end of the period dropped to 248,793,784.66 from 4,883,879,979.05, a decline of approximately 94.92%[36] Assets and Liabilities - Total assets decreased by 4.20% to ¥27,115,780,869.06 from ¥28,304,086,062.17 at the end of the previous year[6] - Total liabilities decreased to CNY 22,859,683,287.09 from CNY 24,199,297,633.45, a reduction of 5.54%[32] - The total equity attributable to the parent company increased to CNY 4,249,305,515.75 from CNY 4,098,327,920.28, an increase of 3.69%[32] Operational Highlights - The company achieved a 13.8% increase in overall customer traffic, with sales reaching ¥10.06 billion, a year-on-year growth of 1.8%[14] - The company opened one new shopping center in Guixi, Jiangxi, while closing two independent supermarkets, adjusting lease terms for two stores in Shenzhen[15] - The company accelerated the upgrade of AI+ retail technology, achieving a 30.5% year-on-year increase in revenue from external business collaborations[14] - Shopping centers reported sales of CNY 391,196.97 million, with a year-on-year increase of 0.07%, while department stores saw sales of CNY 301,418.29 million, down 6.31% year-on-year[22] - Supermarket revenue was CNY 209,236.22 million, reflecting a decrease of 0.87% year-on-year, with an average revenue per square meter of CNY 1,450 and a gross margin of 23.52%, up 0.7 percentage points[23] Shareholder Information - The company had a total of 36,993 common shareholders at the end of the reporting period, with the top ten shareholders holding 44.56% of the shares[26] - Five Dragon Trading Co., Ltd. reduced its holdings by 30,679,500 shares, representing 2.62% of the total share capital, leaving it with 116,884,953 shares, or 10% of the total[28] Research and Development - Research and development expenses increased to CNY 24,173,119.58 from CNY 19,620,985.45, representing a growth of 23.06%[34] Financial Management - The company reported a decrease in financial expenses to CNY 5,676,843.60 from CNY 9,978,292.97, a decline of 43.12%[34] Governance and Compliance - The company did not undergo an audit for the first quarter report[37] - The report indicates that the company will not apply the new accounting standards starting from 2025[37] - The board of directors meeting was held on April 25, 2025[38]

证券代码：002419 证券简称：天虹股份 公告编号：2025-021 天虹数科商业股份有限公司 关于回购股份事项前十名股东及前十名无限售条件股东 持股情况的公告 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。 天虹数科商业股份有限公司（以下简称"公司"）于2025年4月14日召开第 六届董事会第三十次会议，审议通过了《关于回购公司股份的方案》，该回购方 案尚需提交公司股东大会审议。具体内容详见公司于2025年4月16日在《证券时 报》和巨潮资讯网（http://www.cninfo.com.cn）发布的2025-019号、2025-020 号公告。 根据《上市公司股份回购规则》及《深圳证券交易所上市公司自律监管指引 第9号——回购股份》等相关规定，现将公司董事会公告回购股份决议的前一个 交易日（即2025年4月15日）登记在册的公司前十名股东及前十名无限售条件股 东的名称、持股数量及持股比例情况公告如下： 1 序号 股东名称 持股数量（股） 占公司总股本 比例（%） 1 中航科创有限公司 520,885,500 44.56 2 五龙贸易有限公司 116,88 ...