Hasen Business In The First Half Of The Year Revenue Decreased By 17.08%, 156 Stores

Commerce (China) announced the main business data announcement in the first half of 2016.

The report said that in the first half of this year, Hasen's business income was 865 million yuan, and its revenue was 17.08% lower than that of the same period last year, with a gross margin of 52.08% and a gross profit margin of 3.79%.

The report said 156 stores were closed during the period.

Among them, the closure of the cooperative market or the adjustment of the direction of operation resulted in 18 stores closing; the change of the cabinet location or other cooperative conditions (such as the deduction of points, expenses, etc.) in the cooperative shopping center had changed significantly, and it had not met the requirements of the company's cabinet setting, and there were 32 outlets. Due to various reasons, the shops achieved the expected performance and profits, and after the efforts, they still could not improve and there were 106 outlets.

In the report, we also mentioned the company's profit data. It is reported that the company's operating income during the reporting period decreased by 178 million yuan, or 17.08%, and the gross profit decreased by 53 million 349 thousand yuan, or 10.58%, and the sales expenses decreased by 19 million 124 thousand and 500 yuan and 5.68% respectively, resulting in a decrease of 36.24% yuan in the company's business profits and a 36.24% decrease in the same period last year. The net profit attributable to the shareholders of the listed companies decreased by 32 million 125 thousand and 700 yuan, and decreased by 37.44%.

According to the report, the main reason for the decline in performance during the period is that the number of counters in the direct shop and shopping malls has decreased by 97, and the performance of the single store in the direct store store has dropped by about 10%.

As a result, the net profit attributable to shareholders of listed companies fell by 37.44% over the same period, due to the decrease in revenues and the decrease in the proportion of wages and surcharges in sales expenses and revenues.

According to press reports, Hasen Commerce (China) Co., Ltd. was established in August 2006 and was restructured as Hasen Commerce (China) Limited by Share Ltd in 2011.

The company was listed on the Shanghai stock exchange in June 29, 2016, and its registered capital is 217 million 360 thousand yuan.

The company has 9 wholly owned subsidiaries and 2 subsidiary companies.

The company is mainly engaged in

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Operation, product design, production and sales.