Click the image to register for participation Introduction: Performance forecasts for 10 listed retailers in 2017 have been released! 1. Yonghui Supermarket: 2017 net profit of 1.801 billion yuan, 45% more than the previous year On the evening of February 13, Yonghui Supermarket announced that the company achieved operating revenue of 58.395 billion yuan in 2017, a year-on-year increase of 18.61%; operating profit of 1.906 billion yuan, a year-on-year increase of 34.08%; total profit of 2.024 billion yuan, a year-on-year increase of 30.01%; and net profit attributable to shareholders of the listed company of 1.802 billion yuan, a year-on-year increase of 45.06%. The growth in operating revenue was mainly due to the acceleration of store openings and the increase in revenue from existing stores. Yonghui stated that the growth in operating performance was mainly due to:

  1. Continuously optimizing the supply chain to reduce product costs;

  2. Implementing the partnership system and horse racing mechanism to enhance employees' awareness as business owners and masters, reduce losses of fresh products and other goods, and further increase sales revenue and comprehensive gross margin;

  3. The scale benefits of stores in Beijing, East China, Sichuan and other regions are gradually emerging, and profitability continues to improve;

  4. Reasonable use of account funds to increase capital returns. 2. Zhongbai Group: Expected net profit growth of 918%-967% Zhongbai Group expects net profit attributable to shareholders of the listed company for 2017 to be 65.8 million yuan to 69 million yuan, an increase of 918%-967% compared with the same period last year. Zhongbai Group stated that the performance changes were mainly due to the following reasons:

  1. During the reporting period, the company completed the transfer of asset rights and interests related to the asset securitization of Jiangxia Zhongbai Shopping Plaza, and after paying the corresponding income tax, the after-tax net profit increased by approximately 181 million yuan.
  2. During the reporting period, the company's sales revenue still declined year-on-year, but the decline gradually narrowed. The pressure of rising commercial rents and labor costs remained. The company increased the closure and adjustment of stores with no hope of turning around, resulting in increased asset losses from store closures. Some store renovations and transformation adjustments led to an increase in related expenses. The company will continue to intensify transformation and adjustment efforts, adhere to business format adjustment and upgrading, continue to promote supply chain optimization, continuously improve product sales gross margin, strengthen management to reduce costs, and promote the growth of the company's operating profit.
  3. During the reporting period, the company expects the impact of non-recurring gains and losses on net profit to be 115 million yuan. The main factors are asset securitization gains, store renovation and closure losses. 3. Hongqi Chain: Expected net profit growth of 5%-20% Hongqi Chain expects net profit attributable to shareholders of the listed company for 2017 to be 152 million yuan to 173 million yuan, a change of 5%-20% compared with the same period last year. In the third quarter report, the company expected net profit of 137 million yuan to 159 million yuan, a change of -5% to 10%. Hongqi Chain stated that the company further strengthened the use and analysis of big data in 2017, the growth rate of various expenses decreased compared with previous years, adjusted the product structure of stores, improved store management efficiency, and strengthened internal control management, resulting in an increase in operating performance. 4. Better Life: Expected net profit growth of 0%-30% Better Life expects net profit for the full year of 2017 to be 133 million yuan to 173 million yuan, a year-on-year change of 0% to 30%. The company stated that the above forecast is based on sales growth driving profit growth. 5. Hualian Supermarket: Expected profit of 94.23 million yuan Hualian Supermarket expects that the net profit attributable to shareholders of the listed company for the year 2017 will turn from loss to profit compared with the same period last year, achieving a net profit attributable to shareholders of the listed company of 94.23 million yuan. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is 13.34 million yuan. Hualian Supermarket stated that during the reporting period, the company increased the adjustment of product structure, strengthened operational management, improved incentive and restraint mechanisms, and due to the closure of some loss-making stores in the early stage, the profitability of the company's operating business improved. During the reporting period, the company's operating business profit was -52.93 million yuan, an increase of 134 million yuan compared with the previous year. In addition, due to the investment income from the sale of Hualian Boutique equity, government subsidies, disposal gains on non-current assets, and other non-operating income and expenses, the total non-recurring gains and losses amounted to 80.89 million yuan. The company holds 33% equity in Hualian Finance Co., Ltd. and obtained investment income of 54.37 million yuan. 6. New Hua Du: Expected loss of 45 million to 55 million yuan New Hua Du expects a loss of 45 million yuan to 55 million yuan in 2017, compared with a profit of 54.3836 million yuan in the same period last year. In the third quarter report, the company expected net profit of -28 million yuan to 18 million yuan. New Hua Du stated that the performance change was mainly due to the fact that after the third quarter report, the first-instance judgment of the lawsuit of Lin Zhengxiang, the owner of Nanchang Hongcheng store, and the final judgment of the lawsuit of Jiangxi Huading Real Estate Co., Ltd. resulted in compensation losses exceeding normal expectations, and a provision of 19.5088 million yuan was made; after the third quarter report, compensation of 3.8 million yuan for decoration losses of Xiamen Fangyang store tenants; and the delay in the renovation process of main stores affected performance. 7. Renrenle: Expected loss of 500-600 million yuan Renrenle expects net profit for the full year of 2017 to be -600 million yuan to -500 million yuan, a year-on-year decrease of 1092.05% to 926.71%. The company stated that the above forecast is based on the company's prudent closure and disposal of stores whose lease contracts are about to expire, have long-term losses, and have no hope of improvement after adjustment, which will have a certain impact on annual operating performance; and due to the economic environment, industry competition and other factors, resulting in a decline in the company's operating revenue. 8. Sanjiang Shopping Club: Revenue decreased by 7.78%, net profit increased by 6.96% Sanjiang Shopping Club achieved operating revenue of 3.777 billion yuan in 2017, a year-on-year decrease of 7.78%; net profit attributable to shareholders of the listed company was 108 million yuan, a year-on-year increase of 6.96%. Sanjiang Shopping Club stated that the strategic cooperation with Hangzhou Alibaba Zetai led to the divestiture of the cigarette business and the closure of underperforming stores, resulting in a year-on-year decrease of 7.78% in operating revenue in 2017. The net profit attributable to shareholders of the listed company in 2017 increased by 6.96% year-on-year, and the growth rate was smaller than the growth rate of net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses, mainly due to the recognition of investment income of 19.93 million yuan from the equity transfer of Xinjiangxia in 2016. 9. Xinhua Department Store: 2017 revenue of 7.436 billion yuan, net profit up 69.88% On February 13, Xinhua Department Store released its 2017 financial report. According to the announcement, as of December 31, 2017, Xinhua Department Store achieved revenue of 7.436 billion yuan, a year-on-year increase of 5.49%; net profit attributable to shareholders of the listed company was 107 million yuan, a year-on-year increase of 69.88%. Xinhua Department Store believes that the 5.49% increase in revenue was mainly due to the increase in operating revenue of supermarket stores compared with the same period last year. According to the announcement, in 2017, Xinhua Department Store added 15 new supermarket stores, achieving operating revenue of 3.82 billion yuan, a year-on-year increase of 11.01%. During the reporting period, Xinhua Department Store added 30 new stores, including 1 department store, and closed 22 stores, all of which were supermarket stores. As of the end of the reporting period, Xinhua Department Store had a total of 9 department stores, of which 8 were located in Ningxia and 1 in Qinghai; and a total of 137 supermarkets, all located in Ningxia except for one in Qinghai.