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News May 19, 2020 10:43 pm EqualOcean

Luo Wenxia, Vice President of Yonghui Superstores, Receives the Warning Letter for Not Disclosing the Reduction Plan Before the Reduction

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Sep 22, 2020 10:24 am ·

Yonghui Superstores Opens Four New Stores

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report
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Aug 29, 2020 11:56 am ·

Yonghui Superstores: Online Business Revenue Soars 243% in 1H 2020

Yonghui Superstores disclosed its semi-annual report on August 28. The company achieved revenue of CNY 50.52 billion, a year-on-year increase of 22.68%; the net profit attributable to shareholders of listed companies was CNY 1.85 billion, a year-on-year increase of 35.36%. The gross profit margin was 22.37%, a year-on-year increase of 0.53%. Yonghui Superstores explained that the gross profit margin of fresh food and processing rose to 14.95%, a year-on-year increase of 1.03%; the gross profit margin of food products was 19.22%, a year-on-year increase of 0.64 percentage points. From the perspective of business segments, among them, the fresh food and processing business income reached CNY 22.83 billion, a year-on-year increase of 27.51%, an increase of 9.67 percentage points from the same period last year, hitting a new high since 2012. Food products' business income was CNY 24.15 billion, a year-on-year increase of 19.39%, maintaining a steady growth rate of about 20%. In terms of online business, as of June 30, the company had 32.84 million members and 7.72 million monthly active users during the reporting period. Online sales were CNY 4.56 billion, a YoY increase of 243%, accounting for 9.71% of the operating revenue. Yonghui Superstores stated that, in addition to the regular livelihood products, it would gradually try to produce specialty products to meet the personalized consumption needs of users.

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Aug 15, 2020 03:00 am ·

Sun Art Retail Records Net Earnings of CNY 2.06 Billion in 1H 2020, Up 17% YoY

On August 12, Sun Art Retail released its financial report for 1H 2020. The company recorded a revenue of CNY 53.17 billion, a year-on-year increase of 5.1%, and net profit of CNY 2.06 billion, a year-on-year increase of 16.8%. The decrease in profit was mainly due to the decline in rental income, which fell by around 1%. Also, more sales of fresh food experienced lower gross profit margins, dragging down gross profit margin. In terms of orders, Sun Art Retail's fresh-food-to-home business rose steadily, and revenue generated from the B2C model accounted for more than B2B business. In terms of B2C business, the average daily order volume of online stores exceeded 750 and 950 in the first and second quarters, respectively. Affected by the epidemic, many small businesses have withdrawn from the market. It is expected that rental income will be under pressure in 2020. The company pointed out that it started to deploy online in the past few years and will invest in CNY 200-300 million. Also, capital expenditures are expected to be CNY 2 billion in the second half of 2020, mainly for opening new hypermarkets, store renovations and digitalization. As of June 30, 2020, Sun Art Retail had 481 hypermarkets and 3 medium-sized supermarkets in China, with a total construction area of ​​approximately 12.97 million square meters, of which about 69.9% are leased stores, 29.8% are self-owned property stores and 0.3% are contracted stores.

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Aug 10, 2020 01:56 pm ·

Yonghui Superstores Enters the Tibet Market

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Announcements
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Announcements
May 15, 2020 11:30 am · SSE

Li Jing resigned as vice president of the company

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Announcements
May 11, 2020 04:47 pm · SSE

Yonghui Superstores plans to add a wholly-owned subsidiary in Gansu

Announcement: Click here
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Sep 22, 2020 10:24 am ·

Yonghui Superstores Opens Four New Stores

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Sep 22, 2020 10:19 am ·

JD.com Confirms JD Health's Listing Plan

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