南宁百货大楼股份有限公司2025 年半年度报告 公司代码：600712 公司简称：南宁百货 南宁百货大楼股份有限公司 南宁百货大楼股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人覃耀杯、主管会计工作负责人李发奕及会计机构负责人（会计主管人员）梁平 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本年度报告涉及未来计划等前瞻性陈述，该等陈述不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅第三 ...

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, attributed to decreased consumer demand and increased operational costs, leading to a net loss. Company Overview and Financial Indicators - Company Name: Tianjin Guifaxiang 18th Street Mahua Food Co., Ltd. - Stock Code: 002820 - Total Assets: 955.32 million yuan, down 5.16% from the previous year [2] - Revenue: 249.09 million yuan, a decrease of 7.03% year-on-year [2] - Net Profit Attributable to Shareholders: -3.92 million yuan, a decline of 117.25% [2] - Basic Earnings per Share: -0.02 yuan, down 118.18% [2] Business Operations - The company specializes in the research, production, and sales of traditional and other leisure foods, with a focus on the "Guifaxiang 18th Street" mahua, recognized as a national intangible cultural heritage [3][4] - The company operates through a combination of direct sales, distributors, supermarkets, and e-commerce channels [3] - The main products include traditional mahua, pastries, and Tianjin-style convenience foods [3] Industry Development - The domestic GDP grew by 5.3% in the first half of the year, while retail sales increased by 5.0%, with the Tianjin region experiencing a decline of 0.7% [3] - The overall competition in the leisure food industry has intensified, with rising online traffic costs and pressure on profitability [3] Performance Analysis - The decline in revenue was influenced by reduced foot traffic and average spending in direct sales channels, as well as decreased income from distributors due to local market disruptions [4] - The company has increased advertising and operational costs, including expenses related to new store openings and digital marketing [4] - Investment income from idle funds decreased due to lower interest rates and reduced investment amounts [4] Retail Business Situation - The company operates 66 direct stores, with 64 in Tianjin, contributing approximately 69% of total revenue [5][6] - New stores were opened in key transportation hubs and urban centers to expand market reach [5] - The company is focusing on enhancing store operations and customer experience through improved management and marketing strategies [5] Brand and Marketing - The brand has been recognized as one of the "First Batch of Chinese Consumer Brands," enhancing its market influence [6] - Marketing efforts included participation in major international events and digital promotions through platforms like Douyin and WeChat [6] - The company is also working on expanding its overseas market presence, with plans for certification and partnerships in Southeast Asia [5][6] Digital Transformation - The company is implementing a digital management system to improve production efficiency and cost management [6] - The focus is on establishing a smart production data platform to enhance operational control and decision-making [6]

Group 1 - The ninth China Time-honored Brand (Shandong) Expo was held at the Shandong International Convention and Exhibition Center, showcasing the rich brewing culture of Baotu Spring Brewery [1] - Baotu Spring Brewery's exhibition featured a blend of traditional and modern aesthetics, highlighting its commitment to preserving the "Zhonggong Baijiu traditional brewing technique," recognized as a provincial intangible cultural heritage [3] - The exhibition attracted a continuous flow of visitors, with many praising the unique charm of the spring-scented Baijiu and expressing interest in potential collaborations [5] Group 2 - The event served as a platform for Baotu Spring Brewery to demonstrate its brand strength and intangible heritage skills, while promoting the allure of Shandong liquor and Qilu culture on a national and global stage [7] - The company is committed to product innovation and upgrading expression methods while safeguarding traditional brewing techniques, aiming to rejuvenate its century-old liquor in the modern era [7] - Baotu Spring Brewery aims to continue its journey of blending tradition and innovation, ensuring the story of Chinese time-honored brands is written into a richer future [7]

Group 1 - The 9th China Time-honored Brand (Shandong) Expo was inaugurated on June 13, supported by the Ministry of Commerce and organized by the Shandong Provincial Time-honored Brand Association [1] - The expo features a total exhibition area of 35,000 square meters, showcasing various themed exhibition areas including traditional Chinese medicine, Chinese cuisine, and cultural creativity [9] Group 2 - The Global Partners Conference and the Traditional Chinese Medicine Development Conference were held, with participation from over 40 foreign trade representatives from more than 20 countries [3] - The "Integration of Domestic and Foreign Trade Action" was officially launched to create a collaborative development ecosystem for domestic brands and foreign trade products [4] Group 3 - The Traditional Chinese Medicine Conference focused on building a development system that integrates cultural heritage, technological empowerment, and cluster collaboration [6] - The first batch of the "Qihuang Twelve Palaces" list for promoting traditional Chinese medicine brands was released during the conference [6] Group 4 - The National Time-honored "City Gift" Competition was launched, encouraging participation from time-honored brands across the country to showcase their cultural heritage and innovative vitality [8] - Various interactive experiences and promotional activities were organized at the expo, including significant discounts and unique product offerings from participating brands [9][10]

Core Viewpoint - Five Fang Zhai, a traditional Chinese brand, is giving away rice dumpling gift boxes to eligible shareholders while soliciting their opinions on company development and products, coinciding with a critical period of performance recovery [2][4]. Group 1: Shareholder Engagement - The company announced a gift of "Fengnian Wufang" rice dumpling gift boxes to shareholders holding at least 1,000 shares as of April 28, 2025, with a claim period from May 28 to June 8, 2025 [4]. - Shareholders are encouraged to provide feedback on the company's products and development during this engagement initiative [4]. Group 2: Financial Performance - For the fiscal year 2024, the company reported revenue of 2.251 billion yuan, a year-on-year decline of 14.57%, and a net profit of 142 million yuan, down 14.24% [4]. - Despite a 5.25 percentage point increase in gross margin for core rice dumpling products, revenue from this segment decreased by 18.64% [4]. - In Q1 2025, the company experienced a revenue increase of 17.24% to 243 million yuan, and a net profit increase of 35.16%, although it still reported a net loss of 45 million yuan [4]. Group 3: Recent Controversies - The company faced a public relations issue regarding a "foreign object" found in a rice dumpling product, leading to a swift response and investigation by the company [5]. - The company has a long history, founded in 1921, and is known for its rice-based food products, including rice dumplings, mooncakes, and other traditional snacks [5]. Group 4: Market Performance - As of May 27, 2023, the company's stock closed at 20.91 yuan per share, reflecting a slight decline of 0.38% for the day [6].