Ginza Will Accelerate Innovation, Pformation And Upgrading.

According to the world clothing shoes and hats net, in the evening of March 28th,

Limited by Share Ltd (hereinafter referred to as "Ginza", stock code: 600858) published its annual report 2016.

During the period, operating income reached 12 billion 845 million yuan, down 11.97% from the same period last year.

Among them, the business income of 12 billion 729 million yuan, down 5.09% compared with the same period last year; the real estate business income of 116 million yuan, down 90.16% compared with the same period last year, mainly the Qingdao Ginza Investment Development Co., Ltd. and Shandong Ginza Property Co., Ltd. Tianqiao branch investment projects attached to the construction of commercial housing in the last year to achieve most of the delivery, and therefore less housing sales during the period.

Net profit attributable to the owners of the parent company was 22 million yuan, down 78.72% from the same period last year.

Ginza explained that the main reason was that the consumption of physical retail market continued to be sluggish during the period, coupled with the competition among entities, the more intense competition between entities and network operators.

It is for this reason that Ginza has not completed the 13 billion 500 million yuan business plan proposed at the beginning of this year.

Consolidated income statement

Ginza is mainly engaged in commodity retail business. As early as 1996, it was convenient for Hebei Shijiazhuang to open its first department store, and then the comprehensive supermarket that was opened later formed a "department store + supermarket" mode at the early stage of expansion.

But with the upgrading of consumption, customers' demand for consumption environment, experience Interaction and entertainment formats is strengthened. Ginza also realizes that traditional department stores and supermarkets can no longer meet consumer demand.

They have speeded up the upgrading of their formats, and constantly enriched and improved their functions.

As early as 2011, the first area in Ji'nan was 237 thousand and 400 square meters.

It has successfully created and expanded one-stop shopping for family entertainment.

At the same time, second companies were opened in 2015.

Although the shopping center industry accounts for a small proportion of Ginza, it is worth mentioning that in the department stores and supermarkets during the period of revenue and gross profit have declined to varying degrees, the shopping center plate has a slight increase in revenue.

Various formats 2016 revenue table

Ginza said that in 2017, the company will continue to promote the three-dimensional development strategy of the retail industry, while continuing to deepen the market in Shandong, taking into account the development of both provinces and cities.

In addition, we should consolidate and enhance the competitive advantage of the province, and gradually create a competitive pattern of cross regional, multi format and coordinated development.

Ginza originated in Shandong Province, and opened a city branch in many cities in the early part of the province.

After many years of deep ploughing of the Shandong market and taking into account the development of the provinces and the surrounding areas, it has covered 13 cities in Ji'nan, Binzhou, Dezhou, Dongying, Heze, Laiwu, Liaocheng, Linyi, Qingdao, Qingdao, Qingdao, Linyi, and Dongying.

During the period, 10 stores and county level shops have been opened in Ji'nan, Qingdao, Dongying, Binzhou, Linyi, Zibo and Weifang.

As of the date of the report, Ginza opened 1 stores in Ji'nan.

At present, its stores have 122 stores, covering 13 cities 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 45 unlisted stores.

"We will continue to extend the three or four line cities in Shandong province and accelerate the construction of regional advantages."

Ginza said.

In 2017, Ginza will insist on accelerating pformation and upgrading of innovation.

And plans to strive to achieve operating income of 13 billion 600 million yuan in 2017.

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