Tianhong Mall 2019 Half Year Report Revenue 9 Billion 676 Million Yuan Profit 646 Million Yuan

On August 17th, the media learned that the Limited by Share Ltd of Tianhong shopping mall issued the 2019 semi annual report. According to the report, the operating income of Tianhong shares reached 9 billion 676 million yuan, an increase of 1.61% over the same period, and the total profit was 646 million yuan, up 4.09% from the same period last year. In the second quarter, the company's operating income increased 4.57% over the same period, and the total profit increased 5.28% over the same period.

In addition, retail business is the half of the income of Tianhong. In the first half of the year, the retail income of Tianhong shares was 8 billion 984 million yuan, accounting for 92.85% of total business revenue, down 0.23% from the same period last year. Real estate revenue was 369 million yuan, accounting for 3.81% of total revenue, up 55.49% over the same period last year. Other business income is about 323 million yuan, accounting for 3.34% of total revenue, up 15.37% over the same period last year.

In fact, with the crowding of community group buying racecourse, the "small, beautiful" and "grounded" community business began to take its toll. Tianhong mall also began to test the water community format. In mid July, Tianhong was in Shenzhen's new community life center. During the reporting period, Tianhong mall also opened 18 convenience stores.

Statistics show that song is the first attempt in the direction of community life center, focusing on the core positioning of "leisure and convenient quality life center", and flexible customization of format combination, life service and operation mode according to the living needs of surrounding residents. In the preparation of the next new projects, we will continue to optimize and iterate in the light of market changes.