Group 1: Company Overview - The company, formerly known as Xi'an Minsheng Group, is one of the largest retail enterprises in Northwest China, rebranded as "Gongxiao Daji Group Co., Ltd." in February 2017 [3][4] - In 2017, the company achieved a revenue of CNY 27.789 billion, a year-on-year increase of 91.75%, and a net profit attributable to shareholders of CNY 1.415 billion, up 99.70% [3][4] Group 2: Strategic Developments - In June 2018, the company announced a partnership with HNA Group to establish Hainan Gongxiao Daji Holdings Co., Ltd. with a registered capital of CNY 26.9 billion, focusing on "serving agriculture" [3][4] - The company plans to acquire 70% of Sichuan Yuancheng Logistics Development Co., Ltd. through share issuance, enhancing its logistics network [4][5] Group 3: Logistics and Supply Chain - The company aims to build a modern, efficient logistics network, referred to as the "Heaven and Earth Integrated Logistics Network," to improve distribution efficiency and reduce costs [5][6] - The acquisition of HNA Cargo Co., Ltd. is expected to cost no more than CNY 1.5 billion, integrating air cargo capabilities into the logistics system [5][6] Group 4: Competitive Advantages - The company benefits from a strong shareholder base, with HNA Group being a significant stakeholder, enhancing its competitive edge in logistics and supply chain management [7][8] - The business model incorporates a comprehensive supply chain strategy, optimizing resources across various channels, including online and offline sales [8][9] Group 5: Social Responsibility and Development - In 2017, the company actively engaged in poverty alleviation initiatives, leveraging its e-commerce and logistics networks to support various social programs [10][11] - The company has signed over 20 cooperation agreements with local governments, covering approximately 250,000 acres of land for future projects [10][11]