Chengdu Red Flag Initiative To Embrace The Internet

Acquisition in succession within one year

Local Hongyan, mutual supermarket, Leshan's Sihai supermarket, red flag chain expansion.

"Some of the acquisitions of red flag chains are due to opportunities and some are for social responsibility."

In November 7th, Cao Shiru, chairman of the red flag chain, interpreted the company's M & a concept in November 7th at the fourth China listed company leaders summit "merger and reorganization of China's listed Salon".

After merger and acquisition, integration is not simple.

In an interview with reporters, Cao Shiru revealed that although the company acquired many problems after the acquisition of mutual benefits, the integration work has been steadily advancing.

"Through

Next year, we will be able to produce a beautiful answer.

Cao Shiru said.

The three quarterly report of the red flag chain, which was just released, showed that 1~9 realized a business income of 4 billion 76 million yuan, an increase of 13.31% over the same period of 2015, and a net profit of 155 million yuan, an increase of 10.64% over the same period last year.

In October this year, the red flag chain signed a strategic cooperation agreement with the Tencent QQ wallet. The two sides will cooperate in the field of mobile payment and work hand in hand to promote the O2O consumer market.

"The red flag chain has been expanding its links with Internet sales, such as train tickets, bus tickets, air tickets, consignment, telephone fees, etc.

In the field of O2O, it also works with Alipay of Alibaba and WeChat payment of Tencent.

The core is how to make full use of the red flag chain.

This is interpreted by Cao Shiru as a red flag "to embrace the Internet actively, truly and truly."

With the progress of merger and integration and the gradual embodiment of benefits, Cao Shiru believes that the company will surely produce a more beautiful answer next year through mergers and acquisitions.

There were no obvious mergers and acquisitions since the end of last year. Why did it happen frequently this year? Cao Shiru said that some mergers and acquisitions in the red flag chain were not deliberate actions.

"Hong Yan's acquisition took place this year. Its (Hong Yan) capital chain has encountered problems, but the acquisition is conducive to our development.

Today, 125 red supermarkets have been integrated, and distribution and warehousing have been completed. "

Cao Shiru said.

Just in the past October, Hongqi chain completed the acquisition of 32 stores in Sihai supermarket, Leshan.

The bigger hand was to spend 388 billion yuan on the acquisition of a mutual supermarket store.

"The outside world wants to know why the red flag wants to buy an enterprise that is about to collapse. The capital market pays attention to economic benefits, but I think entrepreneurs should also pay equal attention to economic benefits and social responsibilities."

Cao Shiru raised his tone, saying that nearly two thousand employees in reciprocal supermarkets need to be rehoused, and there are still a large number of goods owed to suppliers. At this time, "red flag stands out".

Cao Shiru also said that in the process of integrating reciprocal supermarkets, he also suffered pressure from competitors.

"For example, so many outlets, some taken away by others, some taken away by the landlord, what should we do? We will solve them one by one."

Cao Shiru disclosed that the acquisition of mutual supermarkets, because of more stores, complex procedures and other reasons, is still being carried out.

"The three quarter report of the red flag chain has come out. Why is it so beautiful that we have not abandoned our own development?

In the era of "Internet +", the red flag chain has been innovating.

At the beginning of its establishment, Hongqi chain was a modern chain enterprise integrating e-commerce, logistics and chain operation. Now it is "commodity + service".

Cao Shiru said.