Three The Quarterly Report Is Coming! Jia Jia Yue And Li Qun Jin Jin Wan Jin, But Ginza Was Hit Hard In Weifang And Qingdao.

With the release of Limited by Share Ltd (hereinafter referred to as "Jia Jia Yue"), Liqun commercial group Limited by Share Ltd (hereinafter referred to as "Liqun") and Ginza group Limited by Share Ltd (hereinafter referred to as "Ginza shares") in the first three quarters of 2019, these leading enterprises in Shandong retail market performance is also more obvious.


1, Jia Jia Yue


In the first three quarters of 2019, Jia Jia Yue achieved an operating income of 11 billion 265 million yuan, an increase of 17.89% over the same period last year. The net profit attributable to shareholders of listed companies was 351 million yuan, up 16.70% over the same period last year.


In the third quarter of 2019, Jia Jia Yue opened 13 new stores, including 7 in Jiaodong and 6 in other areas. There were 8 new stores and 5 comprehensive supermarkets, and 8 stores were closed during the reporting period. At the end of the reporting period, there were 763 stores in the company.


Since 2019, Jia Jia Yue has continued to accelerate the layout of its store network, with 40 new stores, including 11 Hebei Jia Jia Yue incorporated in the consolidated statement. The first half of this year's earnings report also shows that, in terms of employment status, new stores are mainly large stores, including 18 stores, 19 comprehensive supermarkets and 3 other formats. Regionally, there are 20 new stores in Jiaodong, 14 in Zhangjiakou, 2 in Ji'nan, and 4 in other areas. The goal of opening 100 stores throughout the year is maintained.


In addition, Jia Jia Yue has acquired Qingdao Vick, Zhangjiakou fuyuexiang and Huarun Ji'nan stores, and has moved from the Midwest of Shandong to the national layout. The supply chain network layout has provided strong support for the expansion of the company, and actively set up new retail outlets through the establishment of industrial funds.


At present, Jia Jia Yue company continues to upgrade some stores, and at the same time start the SAP system in the background to enhance its digitalization capability. In addition, we will continue to accelerate the optimization of the logistics system and the construction of fresh processing bases. The supply chain projects in Yantai, Ji'nan and Zhangjiakou are expected to be put into operation at the end of the year.


2, Liqun shares


In the first three quarters of 2019, Li group realized its operating income of 9 billion 400 million yuan, an increase of 13.29% over the same period last year, and the net profit attributable to shareholders of listed companies was 215 million yuan, down 27.52% from the same period last year. Basic earnings per share of 0.25 yuan. In the same period, the operating cost of the company was 7 billion 190 million, an increase of 11.4% over the previous year, which was lower than the growth rate of 13.3% of operating revenue, resulting in a 1.3% rise in gross margin. The period cost rate is 19.5%, up 3.3% from the previous year, which is a drag on the company's performance.


In the three quarter, Li group realized its operating income of 2 billion 880 million yuan, an increase of 7.76% over the previous quarter, and realized a net profit of 45 million yuan, an increase of 182.67% over the same period last year.


As of the end of the reporting period, Liqun shares has 86 large retail stores, 57 convenience stores and 9 "Fuji farm" fresh community stores. The acquisition period of the East China Liqun time store is relatively short, and is still in the stage of market cultivation. The investment in related cultivation costs is large, resulting in a certain loss. However, the amount of losses has narrowed narrower. As at the end of the three quarter, some stores in the age of profit have made profits. Eastern China's gross profit margin also increased from 10.33% in the first half to 14.24% in the first three quarters.


The industry believes that Li group shares rooted in Qingdao, Shandong radiation, a solid foundation. The acquisition of Lotte stores accelerated cross regional expansion. Abundant brand resources and strong supply chain system will ensure the success rate of cross regional expansion.


3, Ginza shares


In the first three quarters of 2019, Ginza shares realized a total revenue of 9 billion 210 million, down 4.5% from the same period last year, a decrease of 4.5% over the same period last year, a net profit of 48 million 79 thousand, an increase of 33.2% over the same period last year, and a profit of 0.09 yuan per share. During the reporting period, the gross profit margin of the company was 20.4%, an increase of 1.1 percentage points compared with the same period last year, with a net interest rate of 0.3%, basically maintaining the same level in the same period last year.


In addition, non recurring gains and losses totals 13 million 916 thousand yuan, which has a greater impact on net profit. After deducting the non recurring gains and losses, the net profit of the returned parent was 34 million 163 thousand yuan, up 107.8% over the same period.


In the three quarter, Ginza shares realized business income of 2 billion 809 million yuan, a decrease of 2.65% compared with the same period last year, and realized net profit of -0.20 billion yuan, which amounted to a total diluted EPS of -0.04 yuan. Last year, three yuan in the three quarter of last year, Ginza realized a net profit of -0.35 billion yuan.


In the three quarter, Ginza stores opened and closed 1 supermarket stores, and the total number of stores remained unchanged.


At the end of the reporting period, Ginza shares owned and managed 177 retail stores. At present, the company owns 130 stores (24 stores in Huaxing shopping mall, Linqu, Weifang), covering 12 cities and 12 provinces in Shandong province and Hebei province. At the same time, the company is entrusted with the management of the major shareholder of Shandong Commercial Group Co., Ltd., a subsidiary of the Shandong commercial Ginza, Limited by Share Ltd, which owns 47 unlisted stores.


According to the insiders, the retail market in Shandong is fiercely competitive, and the competitors such as Liqun shares, Jia Jia Yue and so on, have strong operational capabilities, forming certain pressure on the department stores and supermarkets in Ginza.