Yinchuan Xinhua Commercial (Group) Co., Ltd. operates in commercial retail, logistics, and commercial property leasing in China. It runs department stores, shopping malls, supermarket chains, and electronics and telecommunication chains under the Xinbai Department Store, Xinbai Supermarket, and Xinbai Electrical Appliances brands. The company was formerly known as Yinchuan Xinhua Department Store Co., Ltd. Founded in 1997, it is headquartered in Yinchuan, China.
Xinhua Department Store Repurchases 9.68 Million Shares for 104 Million Yuan
Xinhua Department Store announced that as of September 29, 2026, the company had repurchased 9.68 million shares, accounting for 3.065% of total share capital, with a repurchase amount of 104 million yuan and a repurchase price range of 9.9 yuan to 11.58 yuan per share. In the first half of 2026, Xinhua Department Store achieved revenue of 3.264 billion yuan and net profit attributable to the parent company of 68.59 million yuan.
600785.CG · Capital · Positive Xinhua Department Store repurchased 9.68 million shares for 104 million yuan, a buyback that is positive for the company.
Xinhua Department Store's 2026 interim net profit was 68.5896 million yuan, down 20.25% year-on-year
Xinhua Department Store released its 2026 interim report, with net profit attributable to the parent company of 68.5896 million yuan, a decrease of 20.25% compared with the same period last year. The company's total operating revenue was 3.264 billion yuan, a slight increase of 0.29% year-on-year; net cash inflow from operating activities was 578 million yuan, down 8.59% year-on-year. The company's latest asset-liability ratio was 74.25%, gross margin was 23.88%, and diluted earnings per share was 0.22 yuan, down 42.11% year-on-year.
Multiple listed companies released positive announcements on the evening of August 20
On the evening of August 20, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important positive announcements. Tengyuan Cobalt plans to invest 18 million US dollars in the Democratic Republic of the Congo to build an annual production capacity of 160,000 tonnes of sulphuric acid from sulphur and a supporting power generation project. Zhaochi Holdings plans to invest up to 38.33 million US dollars to build a production base in Mexico. Han's CNC plans to invest up to 180 million US dollars in Malaysia to build a PCB special equipment project, and disclosed first-half net profit of 957 million yuan, up 263.45 percent year on year. Shanghai Sinyang adjusted the production capacity layout of its Shanghai Chemical Industry Park construction project and increased investment, with the project's estimated total investment adjusted from 580 million yuan to 1.05 billion yuan. Tuojing Technology's first-half net profit rose 1,324.1 percent year on year, and it plans to pay a cash dividend of 3.5 yuan per 10 shares. Han's Laser's first-half net profit was 1.288 billion yuan, up 163.84 percent year on year, and it plans to increase the investment limit for its Southeast Asia overseas operations centre project to 265 million US dollars. Ping An Insurance's first-half net profit attributable to the parent company was 92.585 billion yuan, up 36.1 percent year on year. Xinhua Department Store's first-half net profit fell 20.25 percent year on year, and it plans to buy back shares worth 200 million to 400 million yuan. A subsidiary of Wuhan Tianyuan Holdings plans to invest 404 million yuan to build an energy storage project.
002008.CS · Capital · Positive First-half net profit rose 163.84% year on year to 1.288 billion yuan, and plans to increase investment in Southeast Asia project.
601318.CG · Capital · Positive First-half net profit attributable to parent rose 36.1% year on year to 92.585 billion yuan.
300236.CS · Capital · Positive Adjusted production capacity layout and increased investment in Shanghai Chemical Industry Park project from 580 million to 1.05 billion yuan.
301127.CS · Capital · Positive Subsidiary plans to invest 404 million yuan to build an energy storage project.
301219.CS · Capital · Positive Plans to invest $18M in DRC for sulphuric acid and power project, expanding capacity.
3200.HK · Capital · Positive First-half net profit up 263.45% YoY and plans $180M investment in Malaysia for PCB equipment.
Dong-E E-Jiao first-half net profit rises 5.66%, plans 860 million yuan cash dividend
Dong-E E-Jiao disclosed that first-half net profit rose 5.66% year on year, and it plans to distribute a cash dividend of 13.44 yuan for every 10 shares to all shareholders, with total payout expected to reach 860 million yuan. On the same day, Tuojing Technology, Huachang Chemical, Three Gorges Water Conservancy, Yongmaotai, Sanfu Shares, China Jushi, CITIC Securities, Xiamen Tungsten, and Hunan Gold also released first-half results. Among them, Tuojing Technology's net profit surged 1,324% year on year, Huachang Chemical rose 1,026.9%, and Three Gorges Water Conservancy increased 688.61%. China Telecom's first-half net profit fell 14.9% year on year, while Xinhua Department Store announced plans to buy back shares worth 200 million to 400 million yuan.
Xinhua Department Store Plans to Buy Back Shares for 200 Million to 400 Million Yuan
Xinhua Department Store announced that the company plans to use its own funds or self-raised funds to buy back shares through centralized bidding. The buyback amount will be no less than 200 million yuan and no more than 400 million yuan, with a buyback price not exceeding 12.78 yuan per share. All shares bought back this time will be used for employee equity incentives or employee stock ownership plans. If they are not fully used within 36 months after the buyback is completed, the unused portion will be cancelled according to law. The buyback period is within 12 months from the date the board of directors approves the plan.
Xinhua Department Store’s Nearly 300 Million Yuan Share Transfer Falls Through; Chip Injection Rumours Had Stirred Share Price
The share transfer agreement between Xinhua Department Store’s controlling shareholder Wumart Technology and Hangzhou Jingqi and Xiamen Lianxinmei has been terminated, bringing the roughly 293 million yuan deal to an end. Wumart Technology had originally planned to transfer a total of about 22.56 million shares at 13.00 yuan per share, representing 10 percent of the listed company’s total share capital, with each transferee taking 5 percent. However, the share transfer registration procedures were never completed. The two transferees were established on 8 January and 9 January this year respectively, and their main businesses differ significantly from Xinhua Department Store’s core retail operations. Market rumours had circulated that assets such as chips would be injected, causing the company’s share price to surge from mid-January to early February, briefly hitting a high of 19.76 yuan per share. Xinhua Department Store repeatedly clarified that no asset injection was taking place, but investor attention remained high. With the agreement now terminated, the share price has fallen back to 9.51 yuan per share, almost erasing all gains made this year.
Xinhua Department Store's controlling shareholder terminates 293 million yuan share transfer plan
The share transfer agreement between Xinhua Department Store's controlling shareholder Wumart Technology Group and Hangzhou Jingqi Electronic Information Partnership Enterprise and Xiamen Lianxinmei Enterprise Management Partnership Enterprise was terminated on July 11, 2026. Wumart Technology originally planned to transfer 11.2816 million shares to each of the two enterprises, representing 5% of the total share capital, at a transfer price of 13.00 yuan per share, with a transfer consideration of 147 million yuan. If the transfer had proceeded normally, the total price would have been approximately 293 million yuan. The termination was reached through friendly negotiation between both parties, and the agreement is completely terminated from the effective date of termination, with no further legal effect. This termination will not lead to changes in the company's controlling shareholder, actual controller, or control rights, nor will it affect the company's financial position and ongoing operations. Xinhua Department Store achieved revenue of 1.879 billion yuan in the first quarter of 2026, up 1.3% year-on-year, with net profit attributable to the parent company of 65.04 million yuan, down 18.7% year-on-year.
600785.CG · Capital · Neutral Controlling shareholder's share transfer plan terminated, but no change in control or operations; financials show revenue up but profit down.
物美科技集团有限公司 · Capital · Negative Wumart Technology's planned share transfer of 293 million yuan terminated, failing to raise capital.
China
