同庆楼实控人股份质押展期，前三季度净利润下滑超六成

Company Situation - The actual controller, Shen Jishui, announced on February 4, 2026, the extension and additional pledge of a total of 6.75 million shares originally pledged to Shenwan Hongyuan Securities, with the new expiration date set for April 29, 2026, representing 2.60% of the company's total share capital. This event involves the stability of the equity structure and requires attention to developments before and after the expiration [2]. Subsidiary Development - The company's wholly-owned subsidiary, Hefei Zero Distance Network Technology Co., Ltd., obtained a high-tech enterprise certificate on October 28, 2025, valid for three years. This move may enhance operational efficiency through digital technology, but the specific impact needs to be observed in subsequent integration progress [3]. Performance and Operating Conditions - For the first three quarters of 2025, the company's revenue increased by 1.66% year-on-year to 1.896 billion yuan, while the net profit attributable to the parent company decreased by 63.79%, primarily due to losses from new stores and rising costs. The company indicated that the cultivation of new stores and the banquet peak season in the fourth quarter may bring improvements, but industry competition and cost pressures still pose uncertainties [4].