Hubei'S "King Of Retail", Wuhan Zhongshang, Announced Last Night That It Was Renamed "The Home Of Unexpectedly".

The Wuhan Zhongshang group Limited by Share Ltd (hereinafter referred to as "Wuhan Zhongshang") issued a notice of changing the company name and securities abbreviation on the night of December 25th. After being approved by the Shenzhen stock exchange, the company's Chinese securities short changed from "Wuhan Zhongshang" to "Ju Ran's home" from December 26, 2019, and the company's securities code "000785" remains unchanged.

The announcement shows that in order to more comprehensively and accurately reflect the strategy and development plan after the company's major asset reorganization, and reflect the changes in the main business of the company, its Chinese name is changed from "Wuhan Zhongshang group Limited by Share Ltd" to "incredibly new retail group Limited by Share Ltd". The English name is "WUHANZHONGSHANG COMMERCIAL GROUP CO". "LTD" is changed to "EASYHOME NEW RETAIL GROUPCO". "LTD" is changed from "ZNCG" to "EASYHOME" in English abbreviation, and short changed from "Wuhan commercial" to "unexpectedly home".

It is understood that as of September 30, 2019, the new retail business revenue was 6 billion 416 million yuan, attributable to shareholders of the parent company's net profit of 2 billion 253 million yuan. The main business revenue is 6 billion 376 million yuan, of which the highest proportion of rental and management revenue is achieved, achieving a revenue of 5 billion 508 million yuan, followed by joining management, achieving 555 million yuan in revenue, 181 million yuan in decoration business, and 131 million yuan in sales of goods. The main business cost is 3 billion 391 million yuan.

In addition, the new retail also announced the performance of -2018 in 2016. The report shows that the operating income in 2018 reached 8 billion 417 million yuan, and the net profit attributable to shareholders of the parent company was 1 billion 953 million yuan. Among them, the main business revenue is 8 billion 324 million yuan, and the main business cost is 4 billion 627 million yuan. In 2017, the operating income was 7 billion 404 million yuan, and the net profit attributable to shareholders of the parent company was 1 billion 123 million yuan. Among them, the main business revenue is 7 billion 380 million yuan, and the main business cost is 4 billion 482 million yuan. In 2016, the operating income was 6 billion 498 million yuan, and the net profit attributable to shareholders of the parent company was 833 million yuan. Among them, the main business revenue is 6 billion 498 million yuan, and the main business cost is 4 billion 283 million yuan.

Earlier, Wuhan merchants announced the new retail sales in the first half of the year. According to the Wuhan commercial bulletin, 1-6 months in 2019, the total retail revenue of new retail sales was 4 billion 229 million yuan, an increase of 8.92% over the same period last year. The net profit was 959 million yuan, up 13.49% from the same period last year.

Unexpectedly, the number of new franchisee stores increased from 69 to 199 in 2016, accounting for 47.26% of the total number of stores from 47.26% to 69.82%. The income of franchisee stores increased from 277 million yuan to 787 million yuan, with an average annual compound growth rate of 68.66%, which is far higher than the average annual compound growth rate of 13.49% of all stores in the same period.

As of March 31, 2019, there were 204 new retail businesses, and the total operating area was about 6 million 127 thousand and 100 square meters. The gross profit contribution to the stores increased year by year, and the average rental rate was 91.58%. As of June 30, 2019, the number of franchised stores reached 325 during the negotiation stage, which provided a guarantee for the opening plan and business development of the franchise management section.

Before renaming, Wuhan China Merchants engaged in retail business, and involved in commercial property development, e-commerce services and other industries. The main business formats include modern department stores, shopping centers, supermarkets and so on. It has 9 modern department stores, 1 shopping centers and 50 kinds of supermarkets, mainly distributed in the core business district of Wuhan, Jingzhou, Huangshi, Huanggang, Shiyan, Xianning, Xiaogan, Jingmen and other 10 major cities.

In the first three quarters of 2019, the business revenue of Wuhan merchants reached 2 billion 53 million yuan, down 0.21% from the same period last year, and realized a total profit of 168 million 355 thousand yuan, an increase of 1.54% over the same period last year. The net profit of shareholders attributable to the listed company was 109 million 772 thousand and 900 yuan, an increase of 7.41% over the same period last year. The net profit of excluding the non recurring gains and losses attributable to the shares of listed companies was 105 million 262 thousand and 900 yuan, up 86.30% over the same period last year. In the case of a decline in the overall performance of the retail industry, the company's operating profit has maintained a substantial increase.