Xinhua Department Store's Two Pioneering Results

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Net Xiaobian to introduce to you is Xinhua Department store two business gradually better, the first half of business income 3 billion 438 million.

The semi annual report of Xinhua Department showed that in the first half of the year, the company achieved 3 billion 438 million yuan of business revenue, an increase of 2.30% over the same period last year, and a net profit of 205 million yuan, representing an increase of 39.88% compared with the same period last year. The basic earnings per share reached 0.9332 yuan, an increase of 32.14% over the same period last year.

As the first commercial enterprise in Ningxia, Xinhua Department store has established its competitive advantage in the local area after more than 10 years of hard work and became the flagship of a large comprehensive retail business in the Ningxia Hui Autonomous Region.

Since the beginning of 2011, Xinhua Department Store is facing increasingly fierce commercial competition. According to the needs of the overall development, Xinhua has made a timely attack to step out of Ningxia with a view to achieving the goal of the two venture development.

From semi annual report on relevant business data and development trends, it is learned that the company's format involves general merchandise.

And electrical appliance chain, has formed a large retail business group with 7 subsidiaries, 9 department stores and nearly more than 200 chain stores.

The company operates shops throughout Ningxia and radiates neighboring cities such as Inner Mongolia, Gansu and Qinghai. It is one of the top 100 retailers in China.

Although China's overall economic growth has picked up slowly this year, the consumption of the retail industry has declined and the channel competition is fierce, Xinhua Department store has maintained good development performance in the changeable market development, and the two venture development of the company is getting better.

With the accelerating pace of the opening up of Xinhua Department stores, the business area has not only been confined to Ningxia, but has already been stationed in the surrounding provinces. The growth of sales scale and the expansion of management radius make the distribution supply chain problem prominent.

The reporter understands that the company's future distribution center construction is not simply a construction of warehouses, it is the engine of supply chain management, a tool of supply chain integration, which is conducive to the unified management of goods and suppliers by company procurement, and is conducive to the unified management of operation, breaking through the bottleneck of fast opening stores and opening stores outside the city, and helps to expand the scale of the company and improve the overall yield of the company.

At present, the two phase of the logistics base construction of Xinhua Department store has been started. It is believed that with the completion and application of the whole logistics base project, it will become a boost to Xinhua.

The two "new engine" for entrepreneurial development.