内需政策密集落地 丽尚国潮再获控股股东增持 彰显长期发展信心

Core Viewpoint - The recent shareholding increase by the controlling shareholder of Lishang Guochao aligns with the Chinese government's focus on stimulating domestic demand and consumption, reflecting confidence in the company's strategic transformation [1][2][3] Group 1: Shareholding Increase - The controlling shareholder, Zhejiang Yuanming Holdings, plans to increase its stake by acquiring between 7,613,353 to 15,226,704 shares over the next 12 months, representing 1% to 2% of the total share capital, without a fixed price range [1] - This increase follows a previous buyback completed just three weeks prior, where the shareholder invested 75.92 million yuan to acquire 15,130,202 shares, raising their total voting rights to 33.46% [1] Group 2: Business Performance and Financials - Lishang Guochao's core business, particularly the commercial retail sector centered around the Asia-Europe Shopping Mall, has shown a stable performance with a gross margin of 49.60% [2] - The company reported a revenue of 477 million yuan and a net profit of 116 million yuan for the first three quarters of 2025, marking a year-on-year growth of 7.85%, with a non-recurring net profit growth rate of 9.05% [2] Group 3: Strategic Alignment and Market Confidence - The shareholder's continuous buyback is seen as a positive response to national policies aimed at expanding domestic demand, reinforcing confidence in the company's strategic direction [3] - The absence of a fixed price range in the buyback plan indicates a long-term investment strategy rather than short-term market speculation, allowing for flexible operations in response to stock price fluctuations [3] - The company has established a business structure characterized by "professional markets as the ballast, commercial retail as the growth engine, and commercial management as the new driving force," supported by a special loan of up to 100 million yuan from ICBC Zhejiang Branch [3]