Xinhua Department Store’s half-year net profit reached 139 million
Recently, Xinhua Department Store (600785.SH) released the semi-annual report for 2018. The report shows that the operating income from January to June 2018 was 3.953 billion yuan, up 5.16% year-on-year; the average operating income growth rate of the retail industry was 11.83%; The net profit of the company’s shareholders was 139 million yuan, a year-on-year increase of 27.56%, and the average net profit growth rate of the retail industry was 16.08%.
During the reporting period, the company was mainly engaged in commercial retail, logistics and commercial property leasing business. The commercial retail business involved department stores and shopping malls, supermarket chains, electrical chain stores, etc. There were 259 entities operating in the three industries. Xinhua Department Store said that because the company actively catered to and absorb the new trends and new business development of the retail market, it cooperated with Multi-Point Fresh E-Commerce Co., Ltd., and achieved low investment through the introduction and use of the multi-point App service platform. Quickly implement online business operations and achieve the goal of fast shopping, checkout, and lower operating costs for standard goods.
During the reporting period, the company’s three major business operations significantly improved. Among them, supermarket revenue accounted for 53.56%, department store revenue accounted for 25.41%, electrical appliance revenue accounted for 20.60%, and logistics revenue accounted for 0.43%. Xinhua Department Store said that the department store industry has further broken through the traditional business model and accelerated the layout of outlets in the Jinfeng District business district in Yinchuan. During the period, the supermarket format continued to optimize the product structure, achieve resource sharing, strengthen operations, sales, marketing, PCD center integration operations, and enhance the brand influence and business performance of the supermarket. In addition, the logistics sector has created a smart logistics, promoted the construction of urban and rural distribution logistics service system, and achieved various results in various professional distribution work.
Enhance management and innovation capabilities and promote the further development of Xinhua Department Store. Xinhua Department Store said that in the future, the company will take the opportunity of introducing a multi-point App service platform to further build a diversified shopping scene for consumers to meet consumer demand and create a new online shopping model. Give full play to the role of information system construction in improving management efficiency and continuously strengthen information technology innovation. In addition, the department store will implement an excess profit sharing plan to fully link the interests of all employees in the store with the operating benefits.
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