证券代码：601933 证券简称：永辉超市 公告编号：2025-044 永辉超市股份有限公司 第六届董事会第五次会议决议公告 本公司及董事会全体成员保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 永辉超市股份有限公司（下称"公司"）第六届董事会第五次会议于 2025 年 8 月 19 日在公司左海总部六楼会议室以现场结合通讯方式召开。会议应出席 董事 9 人，实际出席会议董事 9 人。公司监事和高级管理人员列席本次会议。 会议的通知、召开符合《中华人民共和国公司法》（以下简称《公司法》）及其 他相关规定。经全体董事审议和表决，会议通过如下决议： 一、关于公司2025年上半年财务预算执行情况的议案 改开业门店 93 家，截至 2025 年 6 月 30 日累计调改门店数量达 124 家。同时， 公司上半年关闭 227 家亏损门店。报告期公司实现营业收入 299.48 亿元，较上 年同期下降 20.73%，归母净利润-2.41 亿元，较上年同比减少 5.16 亿元。 对内夯实内功，强化内部能力建设，包括提升门店顾客体验与购物环境、通过标 准化流程、数字 ...

Core Viewpoint - The meeting emphasized the importance of "integrity compliance, internal capability enhancement, and business transformation" as the guiding principles for the group's operations in the first half of 2025, aiming to align efforts and identify key focus areas for the second half of the year [1][10][11]. Group Performance Summary - The group made progress in eight areas to promote high-quality development in Q1 2025: 1. Infrastructure construction efforts were intensified to enhance urban functionality in Qianhai, including projects like the Guiwan area and the "Mountain-Sea Connection" [2]. 2. The development and operation of industrial spaces were improved to support Qianhai's industrial growth, with successful events and ongoing projects in the Deep Hong Kong Smart Industry Park [2]. 3. Low-carbon energy services were optimized, achieving significant milestones in cooling service agreements and patent acquisitions [2]. 4. Talent housing services were enhanced, exceeding rental income targets and supporting the development of the intelligent robotics industry [3]. 5. Digital empowerment initiatives accelerated, contributing to the construction of a digital twin city and the implementation of advanced technologies [3]. 6. Deep Hong Kong integration was strengthened, with new projects and partnerships established to enhance cooperation [4]. 7. The group focused on governance and operational transformation, implementing a comprehensive risk control system and enhancing digital management capabilities [4]. 8. Party building efforts were reinforced to foster a positive work environment and improve organizational structure [5]. Future Focus Areas - For the second half of 2025, the group will concentrate on seven key acceleration areas: 1. Implementing directives from the Qianhai Cooperation Zone leadership and achieving the goals outlined in the Qianhai Plan [7]. 2. Enhancing the functionality of the new international urban center [7]. 3. Creating more high-quality industrial spaces [7]. 4. Leveraging business development advantages [7]. 5. Advancing operational transformation [7]. 6. Ensuring the effective implementation of deep Hong Kong cooperation measures [7]. 7. Establishing a new framework for high-quality development led by party building [7].

Core Viewpoint - The article discusses the significant changes in the shareholder structure of Minsheng Bank, highlighting the exit of Pan Ocean Group and the increasing stake of Liyue Group, along with the entry of various asset management companies and funds, indicating a diversification of shareholders [1][5][7]. Shareholder Structure Changes - Liyue Group has increased its stake in Minsheng Bank to 4.945%, just below the 5% threshold for mandatory disclosure, after purchasing 199 million H-shares at an average price of HKD 2.624 per share [3][4]. - Pan Ocean Group has completely exited its position in Minsheng Bank, having previously held 4.12% of shares [5][6]. New Shareholders - The diversification of Minsheng Bank's shareholder base includes new entrants such as China Great Wall Asset Management, which has been nominated to appoint a non-executive director [9][10]. - New Hope Group, a founding shareholder, has shown interest in increasing its stake, indicating confidence in the bank's long-term prospects [8]. Asset Management and Financial Strategy - Minsheng Bank has focused on disposing of non-performing assets, with a total of CNY 344.6 billion disposed of from 2021 to 2024, achieving a cash recovery rate of 27.7% [12][14]. - The bank has adopted a "cash recovery first" strategy, enhancing cash recovery efficiency through litigation and asset disposal [12][14]. Risk Management and Business Transformation - The bank has been actively managing risks associated with historical non-performing loans, particularly from Pan Ocean and Oriental Group, with significant reductions in outstanding loans [13][14]. - Minsheng Bank is transitioning towards core business operations, reducing high-risk activities, and focusing on customer engagement and foundational business growth [14].

Core Viewpoint - The restructuring of Minsheng Bank's shareholder base is marked by the exit of Pan Ocean Group and the entry of new investors like Liyue Group, indicating a diversification of ownership and a shift towards asset management and financial institutions [2][5][7]. Shareholder Structure Changes - Liyue Group has increased its stake in Minsheng Bank to 4.945%, nearing the 5% threshold for mandatory disclosure, after purchasing 199 million H-shares at an average price of HKD 2.624 per share [3][5]. - Pan Ocean Group has completely exited its position in Minsheng Bank, having previously held 4.12% of shares, and is no longer considered a major shareholder [5][6]. - The shareholder base is becoming more diverse, with the entry of asset management companies, funds, and new private enterprises [5][7]. Asset Management and Financial Strategy - Minsheng Bank has focused on disposing of non-performing assets, having disposed of a total of CNY 344.6 billion from 2021 to 2024, achieving a cash recovery rate of 27.7% [8][10]. - The bank has adopted a "cash recovery first" strategy, utilizing litigation and asset disposal to enhance cash recovery efficiency [8][9]. - The bank's management has indicated that the pressure from non-performing loans is primarily concentrated in the real estate sector, with a significant portion of loans backed by sufficient collateral [9][10]. Operational Transformation - Minsheng Bank is undergoing a transformation towards core business operations, moving away from high-risk, high-yield activities to focus on foundational business and customer engagement [10]. - The bank has maintained a low non-performing loan generation rate of 0.43% for new clients over the past three years, indicating effective risk management [10].