来源|证券之星 作者|吴凡 深陷业绩泥潭的中百集团(000759.SZ)近日披露了一起子公司员工职务侵占案的刑事判决结果。根据公告，四名被告人因利用生鲜采购结算系统漏 洞，侵占公司巨额资金，被判处无期徒刑至六年不等的刑罚。尽管公司表示，该次判决对往期年度损益不存在影响，不会对其本期利润或期后利润产 生重大影响，但此次案件掀起的"涟漪"也使得公司及相关当事人于近期收到湖北证监局下发的《警示函》。 以下文章来源于证券之星 ，作者吴凡 证券之星 . 证券之星始创于1996年，是国内领先的金融信息及综合服务平台。关注证券之星，即时获取有价值的财经资讯。 不过即便实际挽回的损失规模可能较前次判断更为乐观，但仍不及涉案总金额(约2.19亿元)的四分之一，远不足以覆盖该案造成的全部资金窟窿。 相比于该案的一审了结，市场更关注的是公司近年来持续低迷的经营基本面。证券之星注意到，中百集团近年也在采取闭店、调改、布局下沉市场以 及优化组织架构等转型自救措施，但业绩却迟迟未能走出下行通道，2021年至2025年前三季度，公司归母净利润累计亏损超17亿元，凸显转型突围 之路依然艰难。 01 追回资金恐不足四分之一 中百集团是湖北省商 ...

Group 1: Report Overview - The report is about the analyst meeting of Zhongbai Group, a company in the commercial department store industry, with a research date of June 12, 2025 [1][2] Group 2: Core Views - The company focuses on its main business, with key work on deep - seated reform and reducing losses and turning deficits. It aims to enhance single - store profitability, explore new business models, and expand online business [24] - The company is actively seeking transformation and development, including digital transformation, supply - chain optimization, and full - channel business expansion [28] - In 2025, as the end - year of the "14th Five - Year Plan", the company will strive to build core competitiveness, strengthen management, and reshape development momentum [26] Group 3: Research Basic Information - The research object is Zhongbai Group, belonging to the commercial department store industry. The reception time is June 12, 2025, and the reception staff are Deputy General Manager and Board Secretary Li Huibin, and Deputy General Manager Hu Jian [17] Group 4: Detailed Research Institutions - The reception objects include investors' online questions and others [20] Group 5: Main Content Details Investment Direction - The company focuses on its main business, promotes hierarchical adjustment of stores, formulates "one - store - one - policy" adjustment strategies, and closes long - term loss - making stores. It also expands in the sinking market and mature areas [24] Loss - making Industry Disposal - The company is actively seeking transformation and development, with no major undisclosed matters [25] Market Value Management and Reorganization - The company focuses on its main business to increase market value. There are no major undisclosed matters about the company, its controlling shareholder, and actual controller [26] Future Development Policy - In 2025, the company will deepen reform, reduce losses, and promote business model innovation and upgrading [26] Asset Injection Rumor - The company states that all information should be based on disclosures in selected media [27] Online Sales Transformation - The company cooperates with third - party online platforms and has its own e - commerce platform to expand online business [27] 618 Activity Plan - The company's various business forms will hold mid - year promotion activities. Details can be found on the "i Zhongbai" WeChat official account [28] Development Plan - The company will deepen reform, strengthen corporate governance, and improve core competitiveness [28] Stock Repurchase Plan - The company has no stock repurchase plan for now [28] Dividend Policy - Due to losses in 2024, the company does not conduct profit distribution. It will roll over the accumulated undistributed profits to the next year [28]