Core Viewpoint - Huazhi Wine announced that the company has no overdue guarantees, no guarantees involved in lawsuits, and no losses due to guarantees being adjudicated against it [2] Summary by Categories - **Company Guarantees** - The company confirmed that it has no overdue guarantees [2] - There are no guarantees that are currently involved in any lawsuits [2] - The company is not liable for any losses due to guarantees that have been adjudicated against it [2]

证券代码：300755 证券简称：华致酒行 公告编号：2025-036 华致酒行连锁管理股份有限公司 关于接受关联方提供担保及为全资子公司提供担保的进展公告 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： （二）接受关联担保的进展情况 近日，华泽集团与广发银行股份有限公司长沙分行签订了《最高额保证合同》， 同意为公司提供最高债权本金额为人民币 25,000 万元的保证担保。 本次公司接受关联方无偿担保的额度在公司第五届董事会第二十五次会议 审议通过的接受关联方担保额度范围之内。上述关联方本次为公司及子公司提供 担保不收取担保费，也不要求公司提供反担保。 1．截至本公告披露日，公司对子公司的担保余额为 23,212.33 万元，占公司 最近一期经审计净资产的比例为 7.35%；上述担保均为公司对全资、控股子公司 提供担保。公司及公司下属全资子公司和控股子公司无对合并报表范围外的单位 提供担保的情形。公司无逾期担保、无涉及诉讼的担保、无因担保被判决而应承 担损失的情形。 2．根据《深圳证券交易所创业板股票上市规则》等相关规定，本次担保属 于已审议通过的 ...

Core Insights - The company has identified a rapid growth in the demand for "instant consumption" in the market and is actively expanding its instant retail business [2] Group 1: Business Strategy - The company is leveraging its chain stores as a core component to connect with major instant retail platforms such as Meituan Waimai, JD Seconds, Taobao Flash Purchase, and Douyin Hourly Delivery [2] - A highly efficient service system has been established, allowing for "online ordering - store delivery - fastest delivery in 15 minutes" [2] - The multi-channel layout aims to enhance service efficiency [2]

Core Viewpoint - As of November 10, 2025, the total number of shareholders for Huazhi Liquor (300755) is reported to be 17,253 [1] Company Summary - Huazhi Liquor has engaged with investors through an interactive platform, providing updates on shareholder numbers [1] - The company is actively communicating with its investors, indicating a focus on transparency and shareholder engagement [1]

Core Insights - The professional chain sector experienced a decline of 1.67% on November 19, with Kid King leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, down 0.0% [1] Sector Performance - The following companies in the professional chain sector reported their closing prices and percentage changes: - Doctor Glasses: 30.67, -0.71% - Tianyin Holdings: 10.09, -0.88% - Jifeng Technology: 8.41, -1.41% - Yanshida: 11.89, -1.49% - Huazhi Wine: 19.41, -1.72% - Aiyingshi: 18.03, -1.80% - Kid King: 10.60, -2.84% [1] Capital Flow Analysis - The professional chain sector saw a net outflow of 97.6 million yuan from main funds, while retail investors contributed a net inflow of 69.9 million yuan [1] - The detailed capital flow for specific companies is as follows: - Jifeng Technology: Main funds net inflow of 15.2 million yuan, retail net outflow of 13.2 million yuan - Huazhi Wine: Main funds net outflow of 4.7 million yuan, retail net inflow of 0.5 million yuan - Aiyingshi: Main funds net outflow of 4.9 million yuan, retail net inflow of 0.6 million yuan - Tianyin Holdings: Main funds net outflow of 14.6 million yuan, retail net inflow of 0.9 million yuan - Doctor Glasses: Main funds net outflow of 15.3 million yuan, retail net inflow of 1.1 million yuan - Yanshida: Main funds net outflow of 28.3 million yuan, retail net inflow of 2.4 million yuan - Kid King: Main funds net outflow of 44.9 million yuan, retail net inflow of 32.7 million yuan [2]

Group 1 - The company reported that its online sales during the Double Eleven shopping festival progressed steadily, and overall operational conditions were normal [2] - The company noted that online sales account for a low proportion of its total revenue, and specific sales data has not yet been fully compiled and verified [2] - Investors are advised to continue monitoring the company's announcements in legal information disclosure media for accurate operational and financial information [2]

Investment Rating - The report maintains an "Overweight" rating for the retail industry [1] Core Insights - The 2025 Double Eleven sales period saw a total e-commerce sales of approximately 1,695 billion yuan, representing a year-on-year increase of 14.2%. The comprehensive e-commerce platforms accounted for 1,619.1 billion yuan, with a year-on-year growth of 12.3% [4][9] - Instant retail showed remarkable growth, with sales reaching 67 billion yuan during the Double Eleven period, marking a year-on-year increase of 138% [10][15] - Key product categories such as digital appliances, food and beverages, furniture, and pet products experienced significant growth, with pet sales reaching 9.2 billion yuan, up 59% year-on-year [15][16] Summary by Sections Weekly Industry Viewpoint - The Double Eleven sales period was extended, contributing to steady growth in total e-commerce sales. The sales period for 2025 was from October 7 to November 11, compared to October 14 to November 11 in 2024 [9] - Instant retail emerged as a highlight, with substantial growth compared to traditional e-commerce formats [10] Weekly Market Review - From November 10 to November 16, the Shenwan retail index increased by 4.06%, while the Shanghai Composite Index decreased by 0.18% [17] - Year-to-date performance shows the Shenwan retail index up by 8.43%, compared to a 19.06% increase in the Shanghai Composite Index [17][22] Company Valuation Table - The report includes a detailed valuation table for various companies in the retail sector, with specific metrics such as market capitalization and P/E ratios [24][25]

Core Insights - Huazhi Wine Chain Co., Ltd. has been recognized in the 2025 Annual Enterprise List by Economic Observer for its outstanding performance in various areas including quality operations, innovative breakthroughs, service upgrades, brand influence, and corporate social responsibility [1] Group 1 - The selection focuses on high-quality development and consumption upgrades, aiming to identify companies that actively practice high-quality development concepts and promote innovative consumption upgrades in the new consumption wave [1] - The initiative seeks to establish benchmark examples for the industry, thereby promoting sustainable, healthy, and high-quality development in the new consumption sector [1]

Core Insights - The professional chain sector experienced a slight increase of 0.31% on November 18, with Doctor Glasses leading the gains [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Sector Performance - Doctor Glasses (300622) closed at 30.89, up 2.56% with a trading volume of 155,900 shares and a transaction value of 477 million yuan [1] - Kids Wang (301078) closed at 10.91, up 1.87% with a trading volume of 507,000 shares and a transaction value of 550 million yuan [1] - Huazhi Wine (300755) closed at 19.75, up 0.92% with a trading volume of 40,800 shares and a transaction value of 79.66 million yuan [1] - Aiyingshi (603214) closed at 18.36, down 0.54% with a trading volume of 29,200 shares and a transaction value of 53.44 million yuan [1] - Aishide (002416) closed at 12.07, down 0.58% with a trading volume of 101,700 shares and a transaction value of 123 million yuan [1] - Jifeng Technology (300022) closed at 8.53, down 0.81% with a trading volume of 144,800 shares and a transaction value of 124 million yuan [1] - Tianyin Holdings (000829) closed at 10.18, down 1.26% with a trading volume of 144,500 shares and a transaction value of 147 million yuan [1] Capital Flow - The professional chain sector saw a net inflow of 25.69 million yuan from main funds, while retail funds experienced a net outflow of 10.71 million yuan [1] - Main funds for Doctor Glasses had a net inflow of 38.89 million yuan, while retail funds had a net outflow of 23.45 million yuan [2] - Kids Wang had a net inflow of 35.48 million yuan from main funds, with a net outflow of 26.98 million yuan from retail funds [2] - Huazhi Wine had a net inflow of 7.15 million yuan from main funds, with a net outflow of 2.72 million yuan from retail funds [2] - Aiyingshi had a net outflow of 1.43 million yuan from main funds, but a net inflow of 1.79 million yuan from retail funds [2] - Aishide had a significant net outflow of 16.47 million yuan from main funds, while retail funds had a net inflow of 13.86 million yuan [2] - Tianyin Holdings experienced a substantial net outflow of 37.58 million yuan from main funds, with a net inflow of 34.83 million yuan from retail funds [2]

Market Overview - The Shanghai Composite Index closed at 3949.83 points, with a decline of 0.56% [1] - The total trading volume of A-shares reached 1,296.161 billion yuan [1] Technical Analysis - A total of 112 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Shanshui Bide (300844) with a distance of -1.40% - Yingboer (300681) with a distance of -1.28% - Yake Technology (002409) with a distance of -1.06% [1] Individual Stock Performance - Shanshui Bide (300844) saw a decline of 6.62% with a trading turnover rate of 3.31% [1] - Yingboer (300681) decreased by 2.30% with a turnover rate of 2.45% [1] - Yake Technology (002409) fell by 0.20% with a turnover rate of 2.33% [1] - Other notable declines include: - Bohai Automobile (600960) down by 3.53% - Western Gold (601069) down by 2.80% [1] Additional Stock Movements - Stocks such as Muyu (002714) and Qinglong (002457) showed slight increases of 0.80% and -3.28% respectively [2] - The stock performance of various companies indicates a mixed sentiment in the market, with several stocks experiencing declines while a few managed to gain [2]