New World Department Half Revenue Exceeds HK $1 Billion 200 Million

On the 28 day, New World Department Store Limited (00825.HK) released its interim results as of last December 31st. Among them, the revenue of new world department store reached HK $1 billion 284 million (about 1 billion 43 million yuan), an increase of 32.9% over the same period last year. Reporters noted that in the three major areas of the Chinese mainland, the northern region supports nearly half of the sales volume of the new world department store. Profit 46.9%. The central and western regions accounted for 29.2% and 23.9% of the total revenue respectively.

The announcement also shows that the new world department spent 5 million yuan last month to acquire all the shares of the new world in Wangjing, Beijing. The shopping mall also became a "private store" from the "management store". Since the beginning of last year, the new world has frequently acquired its subordinate management shops. Up to now, the new world group has 39 department stores, of which 35 are self owned shops, and the number of stores is 89.7%, and the area accounts for nearly 90% of the total.

Since 2010, the new world department store has successively introduced to Chengdu new world department store, Changsha New World Fashion Plaza, Chongqing new world department store, Beijing new world color rotary department store, Lanzhou new world department store and so on. Beijing A number of "management shops" such as the new world, Li Ying Department store and other "management shops" have acquired 100% equity interest, and have opened "Mianyang New World Department Store" and other private stores to increase the share of listed companies' own stores. Reporters learned that at present, the new world group in Beijing 5 department stores have all become private stores.

Insiders said that the new world department store has two business models: "own store" and "management store". The former's income will be directly included in the performance of listed companies, while the latter will not. "Increasing the proportion of private stores is to promote the new world department store. Profit An important way. " The above said.