Core Insights - The sales revenue of China's top 100 supermarket companies reached approximately 900 billion RMB, reflecting a slight growth of 0.3%, while the total number of stores decreased significantly by 9.8% to 25,200 stores, indicating transformation challenges in the supermarket industry due to diversified consumer trends and e-commerce impacts [1] - Only 14 companies achieved both sales and store number growth, showcasing a stark polarization in performance within the industry [1] - Notable companies in the lower half of the ranking include Chongqing Department Store, Costco (China), Tianhong Digital Technology, Pang Donglai, and Beiguo Mall, with Pang Donglai achieving sales of approximately 8.094 billion RMB and 12 stores, recognized for its exceptional customer service [1] Group 1 - The top ten companies include Walmart (China), RT-Mart, Hema, Yonghui Superstores, and Wumart, with Walmart leading at a sales scale of 158.84 billion RMB and 334 stores [4][5] - Hema's innovative business model resulted in a sales revenue of approximately 75 billion RMB and 420 stores, with plans to open nearly 100 new stores in over 50 new cities this year [5] - Lianhua Supermarket achieved sales of approximately 48.64 billion RMB with 3,152 stores, focusing on providing a rich selection of goods and creating a convenient shopping experience [5] Group 2 - Jibai Holdings, Lihua Group, Henan Dazhang, Aeon (China), and Guangzhou Yichulai ranked 11th to 15th, with Jibai Holdings reporting a sales scale of approximately 12.06 billion RMB and 3,179 stores [2] - The performance of the top 100 supermarket companies highlights the competitive landscape, where only a few have successfully adapted to market changes and consumer preferences [1][2]

Core Insights - The sales scale of China's top 100 supermarket companies reached approximately 900 billion yuan, with a year-on-year growth of 0.3%, while the total number of stores decreased by 9.8% to 25,200, indicating transformation challenges in the supermarket industry due to diversified consumer markets and e-commerce impacts [1][3] Group 1: Company Performance - Among the top 100 companies, 42 achieved positive sales growth, but only 25 increased their store numbers, with only 14 companies achieving both sales and store growth [1] - Walmart (China) led the list with a sales scale of 158.84 billion yuan and 334 stores, showcasing its strong supply chain and brand influence [5] - Hema (盒马) emerged as a strong competitor, achieving sales of approximately 75 billion yuan with 420 stores, demonstrating rapid growth and innovative strategies [6] Group 2: Operational Strategies - Some companies optimized resource allocation by closing underperforming stores and focusing on enhancing the service quality of core stores, such as Fat Donglai Supermarket, which is known for its exceptional service [3] - Companies like Jibai Holdings and Lihua Group displayed solid performance through stable operational strategies, with Jibai achieving a sales scale of approximately 12.06 billion yuan and 3,179 stores [3][5] Group 3: Market Trends - The overall decline in store numbers reflects the industry's adaptation to changing consumer preferences and the competitive landscape influenced by e-commerce [1] - The significant performance disparity among companies highlights the importance of precise market positioning, innovative business strategies, and superior service quality in navigating the competitive environment [1][3]

金融界消息 截至2025年8月14日收盘，天虹股份（002419）报收于5.79元，下跌3.02%，换手率2.49%， 成交量29.06万手，成交金额1.71亿元。 天眼查商业履历信息显示，天虹数科商业股份有限公司，成立于1984年，位于深圳市，是一家以从事批 发业为主的企业。企业注册资本116884.775万人民币，实缴资本80020万人民币。公司法定代表人为肖 章林。 通过天眼查大数据分析，天虹数科商业股份有限公司共对外投资了48家企业，参与招投标项目2240次， 知识产权方面有商标信息984条，此外企业还拥有行政许可119个。 来源：金融界 资金流向方面，今日主力资金净流出3780.22万元，占比成交额22.17%。其中，超大单净流出1502.00万 元、占成交额8.81%，大单净流出2278.22万元、占成交额13.36%，中单净流出流入602.37万元、占成交 额3.53%，小单净流入3177.86万元、占成交额18.64%。 天虹股份最新一期业绩显示，截至2025一季报，公司营业总收入32.67亿元、同比减少2.18%，归属净利 润1.51亿元，同比增长1.22%，扣非净利润1.34亿元，同比增长 ...

Group 1 - The core stock price of Tianhong Co., Ltd. (002419) closed at 5.97 yuan, with an increase of 0.67% and a turnover rate of 3.47% on August 13, 2025 [1] - The trading volume was 405,100 hands, with a transaction amount of 243 million yuan [1] - The net inflow of main funds was 26.16 million yuan, accounting for 10.76% of the transaction amount, with significant inflows from large orders [1] Group 2 - For the first quarter of 2025, Tianhong Co., Ltd. reported total operating revenue of 3.267 billion yuan, a year-on-year decrease of 2.18%, while net profit attributable to shareholders was 151 million yuan, a year-on-year increase of 1.22% [1] - The company's non-recurring net profit was 134 million yuan, reflecting a year-on-year growth of 6.20% [1] - The liquidity ratio was 0.334, the quick ratio was 0.269, and the debt-to-asset ratio stood at 84.30% [1] Group 3 - Tianhong Shuke Commercial Co., Ltd. was established in 1984 and is located in Shenzhen, primarily engaged in wholesale business [2] - The company has invested in 48 enterprises and participated in 2,239 bidding projects [2] - It holds 984 trademark registrations and possesses 119 administrative licenses [2]

2024年1至12月份，天虹股份的营业收入构成为：商业占比97.6%，其他业务占比2.4%。 （文章来源：每日经济新闻） 天虹股份（SZ 002419，收盘价：5.91元）8月11日晚间发布公告称，公司第六届第三十三次董事会会议 于2025年8月11日以通讯形式召开。会议审议了《关于修订的议案》等文件。 ...

对外投资决策程序与规则 天虹数科商业股份有限公司 对外投资决策程序与规则 （2025 年修订） 第一章 总则 第一条 为进一步完善天虹数科商业股份有限公司（以下简称"公司"） 法 人 治理结构，规范公司投资决策程序，提高决策效率，明确决策责任， 确 保 决策科学，保障公司的合法权益及各项资产的安全完整和有效运营， 根据《中华人民共和国公司法》和《公司章程》等有关规定，制定本规则。 第二条 本规则所称对外投资是运用公司资金所涉及投资的统称，包 括但不限于经营性投资、股权投资、固定资产投资等。 第三条 公司对外投资系指： （一）经营性投资，指新店建设[以租赁、特许经营（含管理输出） 等 方 式 开设新店，主要包含租赁费用、装修投资和设备投资等 ]；老店续租 或改造（老店续租或对老店进行装修改造及设备更新等）；设备投资（指 公司日常经营过程中软件、硬件设备的购置等）。 （二）股权投资，指以合资、独资方式设立子公司或采取项目合作等 其他方式经营主营业务的投资，以及同业收购、并购、增资等方式的股权 投资等。 （三）固定资产投资，通过购买土地使用权自建商业物业或物流中心、 购置商业物业等与主营业务相关的投资。 （四）法律 ...

证券代码：002419 证券简称：天虹股份 公告编号：2025-037 天虹数科商业股份有限公司 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。 一、董事会会议召开情况 管理制度>的议案》 天虹数科商业股份有限公司(以下简称"公司") 第六届董事会第三十三次 会议于2025年8月11日以通讯形式召开，会议通知已于2025年8月6日以书面及电 子邮件方式发送全体董事、监事和高级管理人员。本次会议应到董事9名，实到9 名。本次会议的召开符合《公司法》、《公司章程》及《公司董事会议事规则》 的有关规定。 二、董事会会议审议情况 （一）会议审议通过了《关于修订 <公司章程> 的议案》 根据《中华人民共和国公司法》、《关于新 <公司法> 配套制度规则实施相关 过渡期安排》、《上市公司章程指引》、《上市公司治理准则》、《深圳证券交 易所股票上市规则》及《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》等相关规定，公司不再设置监事会，由董事会审计委员会承 接法律法规规定的监事会职权，相应废止《公司监事会议事规则》，并在董事会 设置职工董事，现结合公司 ...

第一条 为规范天虹数科商业股份有限公司（以下简称"公司"）董事会提案 管理，完善公司内部控制，提高公司治理水平，根据《深圳证券交易所股票上市 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》以及《公司章程》、《公司董事会议事规则》等相关规定，制定本规范。 第二条 法律法规规定的公司提案人均有权在董事会召开前的规定时间内提 出提案。 第三条 本规范中的提案是指公司日常经营中需由公司董事会或股东会审议 通过后执行的事项。 董事会提案管理规范 天虹数科商业股份有限公司 董事会提案管理规范 （2025 年修订） 第一章 总则 第二章 提案来源及提案人 第四条 提案来源于公司各部门、各事业部、及各区域等，经充分论证后，听 取相关部门意见，并经分管领导审核后，由分管领导作为提案人向董事长提交， 由董事长确定。 提案人对提案申请部门提交的提案负领导责任。 第五条 主要提案包括但不限于： (一)对外投资类； (二)对外担保类； (三)购买、出售资产类； (四)利润分配类； 董事会提案管理规范 (五)人事任免类； （三）按照董事会（或股东会）决议严格执行，涉及重大进展及变化的应第 一时间告知资 ...

Core Viewpoint - The company, Tianhong Shuke Commercial Co., Ltd., has proposed amendments to its Articles of Association, which will be submitted for shareholder approval [1]. Group 1: Amendments to Articles of Association - The amendments aim to establish a governance structure that aligns with the principles of the socialist market economy and enhances the legal status of the company [2]. - The chairman of the board will serve as the legal representative of the company, and the process for appointing and changing the legal representative is outlined [3]. - The company’s assets are divided into equal shares, and shareholders are liable for the company's debts only to the extent of their subscribed shares [5][6]. Group 2: Governance and Shareholder Rights - The Articles of Association will serve as a binding document for the rights and obligations between the company, shareholders, and management [6][7]. - Shareholders have the right to sue the company’s directors and senior management, and the company can also sue shareholders and directors [7]. - The company’s operational scope includes a wide range of products and services, from daily necessities to various retail and service activities [16][17]. Group 3: Share Issuance and Capital Management - The company will issue shares in a fair and transparent manner, ensuring equal rights for all shareholders of the same class [18]. - The company can increase its capital through various methods, including public and private offerings, as well as stock dividends [10][11]. - The company is prohibited from providing financial assistance for the acquisition of its shares, except for employee stock ownership plans [9]. Group 4: Shareholder Meetings and Decision-Making - The shareholders' meeting is the company's highest authority, responsible for major decisions such as profit distribution, capital changes, and amendments to the Articles of Association [24][25]. - The company must hold a temporary shareholders' meeting within two months under specific circumstances, such as insufficient directors or significant losses [47][48]. - Independent directors have the right to propose temporary shareholders' meetings, and the board must respond within ten days [50][51].

Core Viewpoint - The company has established a shareholder return plan aimed at enhancing transparency and protecting the rights of minority shareholders while ensuring sustainable development and reasonable returns on investment [1][2]. Group 1: Shareholder Return Plan - The company considers long-term sustainable development, operational realities, reasonable returns for shareholders, social capital costs, and external financing environments when formulating its shareholder return plan [2]. - The profit distribution policy emphasizes a scientific, sustainable, and stable approach, prioritizing reasonable returns for investors while considering the opinions of independent directors and shareholders, especially minority investors [2][3]. - The company aims to maintain a cash dividend policy, distributing at least 10% of the annual distributable profit in cash, with a cumulative cash distribution over three consecutive years not less than 30% of the average annual distributable profit for those years [3]. Group 2: Profit Distribution Policy - The company will prioritize cash dividends while ensuring that the total cash distribution does not exceed the cumulative distributable profit and does not impair the company's ongoing operational capacity [3]. - The decision-making mechanism for profit distribution involves assessing the company's financial status, development stage, and current funding needs, along with input from shareholders and independent directors [3]. - Any adjustments to the established cash dividend policy must meet the conditions set forth in the company's articles of association and require a two-thirds majority approval from attending shareholders at the general meeting [3][4].