Ningbo Zhongbai Co Ltd

Retail concept stocks rallied again in early trading on the 7th. Zhongbai Group and Central Emporium both hit their daily limit up, while Baida Group and Guofang Group had already done so earlier. Ningbo Zhongbai, Hebai Group, Dongbai Group, and Maoye Commercial followed higher. On the news front, the Ministry of Commerce and six other departments issued implementation guidelines on expanding and upgrading commodity consumption, proposing that total retail sales of consumer goods reach around 60 trillion yuan by 2030, and fostering markets worth over ten trillion yuan each in green consumption, smart consumption, and health consumption. Notably, Baida Group has now posted three consecutive limit-up sessions. Its 2026 interim report shows operating revenue of 86.3911 million yuan, down 6.13 percent year on year, and net profit attributable to the parent company of 11.3797 million yuan, down 80.33 percent. Second-quarter net profit attributable to the parent company was negative 16.275 million yuan, down 139.65 percent year on year, while accounts receivable stood at 188.77 percent of the latest annual net profit attributable to the parent company.