“金帝系”耗资超9亿，锁定宁波中百第一大股东

Core Viewpoint - The acquisition of a controlling stake in Ningbo Zhongbai (600857.SH) by Hangzhou Jindi marks a significant shift in ownership, potentially ending the "Xu Xiang era" that has dominated the company for nearly a decade [1][14][16] Group 1: Acquisition Details - Hangzhou Jindi secured 28.96% of Ningbo Zhongbai's shares, becoming the largest shareholder after purchasing 35.41 million shares from Tibet Zetian for 527 million yuan [1][5] - Prior to this, Hangzhou Jindi had acquired 13.18% of shares through the secondary market, bringing its total holdings to 28.96% [1][5] - The auction of shares was a result of legal proceedings against Xu Xiang, who was previously the main shareholder, leading to the liquidation of his family's assets [2][14] Group 2: Financial Implications - Hangzhou Jindi's total expenditure for acquiring shares in Ningbo Zhongbai is estimated between 934 million yuan and 965 million yuan, with an average cost per share of approximately 14.3 to 14.85 yuan [5][6] - The current market price of Ningbo Zhongbai shares is around 15.35 yuan, indicating that Hangzhou Jindi's acquisition cost is slightly below the market value [5] Group 3: Company Background and Future Prospects - Ningbo Zhongbai is a well-established retail leader in the Ningbo region, with significant assets including the "Ningbo Erbai" brand [12][13] - The company has faced challenges, including a 46.03% decline in revenue due to a drop in gold wholesale business, but has seen a 674.25% increase in net profit due to improved retail margins [12][13] - The integration of Ningbo Zhongbai into the "Jindi system" could enhance its market position and operational efficiency, potentially leading to improved financial performance and asset value [13][16]