股票代码：600865 股票简称：百大集团 编号：临 2025-045 百大集团股份有限公司 2025 年半年度经营数据简报 本公司董事会及全体董事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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》的要求， 现将公司 2025 年半年度主要经营数据披露如下： 一、门店分布及变动情况 本报告期，公司门店数量未发生变化，拥有杭州百货大楼一家门店，系单店经营 模式，位于杭州市中心武林广场南侧。具体如下： | 地区 | 经营业态 | 自有物业门店 | | 租赁物业门店 | | | --- | --- | --- | --- | --- | --- | | | | 门店数量 | 建筑面积 （万平米） | 门店数量 | 建筑面积 （万平米） | | 浙江杭州 | 百货商场 | 1 | 4.2 | 0 | 0 | 2008 年起公司已将杭州百货大楼委托给浙江银泰百货有限公司经营管理，委托管 理期限为 20 年，公司每年收取稳定的委托经营利润。 二、2025 年半年度主要经营数据 1、营业收入分地区 ...

Group 1 - The latest stock price of Gongxiao Daji is 2.41 yuan, an increase of 0.02 yuan or 0.84% from the previous trading day [1] - The opening price for the day was 2.36 yuan, with a highest price of 2.41 yuan and a lowest price of 2.34 yuan, resulting in a trading volume of 4.4 million hands and a transaction amount of 1.049 billion yuan [1] - The company operates in the commercial retail sector, with main business activities including retail, wholesale, and supply chain services [1] Group 2 - The total market capitalization of the company is 43.52 billion yuan, while the circulating market capitalization is 35.463 billion yuan [1] - On August 20, a block trade occurred involving 753,100 shares for a total amount of 1.815 million yuan, with the transaction price equal to the closing price of the day [1] - The buyer was an institutional special seat, and the seller was CITIC Securities Shanghai branch, with a total of 15 block trades occurring in the last three months, amounting to a total transaction value of 302 million yuan [1] Group 3 - In terms of capital flow, there was a net inflow of 4.4337 million yuan from main funds on that day, with a cumulative net inflow of 14.5 million yuan over the past five days [1]

Core Viewpoint - The decline in foot traffic and sales in high-end shopping malls in first-tier cities is attributed to multiple factors, including wealth reduction, income decline, e-commerce competition, and changes in consumer spending habits [1][14]. Group 1: Consumer Behavior Changes - First-tier cities like Beijing and Shanghai are experiencing slower consumption growth, even negative growth, contrary to previous assumptions that they would withstand economic fluctuations [3][14]. - Many families are burdened with high mortgage payments, leading to reduced discretionary spending on non-essential items like clothing and entertainment [5][6]. - Shopping malls are increasingly viewed as non-essential, with consumers prioritizing experiences over material goods [12][15]. Group 2: Impact of E-commerce - The rise of e-commerce has significantly impacted traditional retail, with online retail sales increasing from 10 trillion yuan in 2019 to 15.5 trillion yuan in 2024, while physical malls see declining foot traffic [11][12]. - Many shopping malls have failed to adapt to the evolving retail landscape, maintaining outdated layouts and lacking competitive pricing or convenience compared to online platforms [11][12]. Group 3: Economic and Structural Factors - The decline in consumer confidence among the middle class is a critical factor affecting physical retail, as high-end positioning no longer guarantees success [14][15]. - The shift in consumer spending from goods to services is evident, with service retail sales growing by 20% in 2023, outpacing goods retail growth [13][14]. - The overall retail landscape is changing, and malls must either differentiate through unique experiences or embrace new consumer trends to survive [15][17].

股票代码：600865 股票简称：百大集团 编号：临 2025-027 百大集团股份有限公司 2025 年第一季度经营数据简报 本报告期，公司门店数量未发生变化，拥有杭州百货大楼一家门店，系单店经营 模式，位于杭州市中心武林广场南侧。具体如下： | 地区 | 经营业态 | 自有物业门店 | | 租赁物业门店 | | | --- | --- | --- | --- | --- | --- | | | | 门店数量 | 建筑面积 （万平米） | 门店数量 | 建筑面积 （万平米） | | 浙江杭州 | 百货商场 | 1 | 4.2 | 0 | 0 | 2008 年起公司已将杭州百货大楼委托给浙江银泰百货有限公司经营管理，委托管 理期限为 20 年，公司每年收取稳定的委托经营利润。 二、2025 年第一季度主要经营数据 1、营业收入分地区 单位：元；币种：人民币 | | 营业收入 | 营业收入比上年 | | 毛利率 | 毛利率比上年同期 | | --- | --- | --- | --- | --- | --- | | | | 同期增减（%） | | （%） | 增减 | | 浙江杭州 | 50,587,847.7 ...