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China - "Department store business revenue in Chongqing was approximately 6.47 billion yuan, a year-on-year decrease of 25.91%" - October 28, 2020

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  • China - "Department store business revenue in Chongqing was approximately 6.47 billion yuan, a year-on-year decrease of 25.91%" - October 28, 2020



    2020-10-28 20:56:53Beijing News reporter: Wang Lin Editor: Qin Shengnan




    Revenue of Chongqing Department Store in the first three quarters of this year fell by over 11%, and net profit increased



    Beijing News (Reporter Wang Lin) On October 28, Chongqing Department Store released its third-quarter performance report. In the first three quarters of 2020, Chongqing Department Store’s revenue was about 22.557 billion yuan, a year-on-year decrease of 11.8%; net profit was about 958 million yuan, a year-on-year increase 5.9%; basic earnings per share was 2.36 yuan, a year-on-year increase of 5.83%.

    According to the announcement, from a geographical point of view, the department store business revenue in Chongqing was approximately 6.47 billion yuan, a year-on-year decrease of 25.91%, and the supermarket business revenue was approximately 8.06 billion yuan, an increase of 11.19% year-on-year. The department store business revenues in Sichuan, Guizhou, and Hubei were approximately 937 million yuan, 48.45 million yuan, and 37.1 million yuan, respectively. The supermarket business revenues in Sichuan and Hubei were approximately 366 million yuan and 51.9 million yuan.

    In addition, during the reporting period, a total of 5 department store and supermarket stores were added and 5 closed. There is no plan to increase or increase the number of stores.

    Beijing News reporter Wang Lin
    Editor Qin Shengnan proofreads Li Xiangling


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