In the early trading on Monday, Nanning Department Store opened and continued to hit the daily limit, which was the fourth consecutive trading day to hit the daily limit. As of press time, it was 5.87 yuan, and the opening limit was and 1 blocked orders at exceeded 2.6 million lots.

On the evening of December 6, three consecutive boards Nanning Department Store issued an announcement on abnormal fluctuations in stock trading, saying that there have been many rumors about the intersection between Nanning Futian and some shareholders of the company. Among them, some media reported that Nanning Futian had a hidden intersection with Hong Wanling and Shenzhen Leihu Industrial Co., Ltd., one of the top ten shareholders of the company. To this end, the company asked Nanning Futian and its reply: As of the date of issuance of the reply letter, Nanning Futian has no joint actor relationship or potential joint actor relationship with Hong Wanling, Shenzhen Leihu Industrial Co., Ltd. or other shareholders of the company.
On the evening of December 4, Nanning Department Store issued an announcement stating that the company's second largest shareholder, Nanning Futian, increased its holdings of the company's shares by 4.21% through judicial auctions, and will hold a total of 18.85% of the company's shares, which will exceed the current largest shareholder, Nanning Peining (holding 18.26% of the company's shares).
Tianyan Check shows that the controlling shareholder of Nanning Futian is Shenzhen Hualitong, and the controlling shareholder of Shenzhen Hualitong is Shenzhen Jushenghua, which also holds 51% of Qianhai Life Insurance shares. Jushenghua is a financial holding platform built by Baoneng system , and the actual controller is Yao Zhenhua . Therefore, Nanning Futian belongs to the "Baoneng Group" under Yao Zhenhua.
In response to the increase in holdings of the "Baoneng Group", Nanning Peining, the controlling shareholder affiliated to local state-owned assets, also acted quickly.
On the evening of December 4, the company announced that Nanning Peining will sign a joint actor agreement with Nanning Agricultural and Industrial and Commercial Group Co., Ltd. (holding 2.94% of the company's shares) to form a joint actor relationship to maintain the controlling shareholder status.
On December 5, a reporter from the First Financial Daily called Nanning Department Store Securities Department as an investor. The other party responded that it is not clear at present that the intention of the "Baoneng Group" is not clear, but will take action to maintain the controlling shareholder status.
The third quarter report shows that Nanning Department Store 's operating income in the first three quarters was 1.35 billion yuan, a year-on-year decrease of 13.26%; the net profit attributable to shareholders of listed companies was 6.01 million yuan, a year-on-year increase of 115.98%.
