Core Viewpoint - Gao Xin Retail, the parent company of RT-Mart, reported a revenue of 71.552 billion RMB for the fiscal year ending March 31, 2025, reflecting a year-on-year decrease of 1.4%, while achieving a net profit of 386 million RMB, marking a turnaround from a loss in the previous fiscal year [1][2]. Financial Performance - Revenue for the period was 71.552 billion RMB, down from 72.567 billion RMB, a decline of 1.4% [2]. - Gross profit decreased to 17.236 billion RMB, a drop of 4.0% from 17.958 billion RMB [2]. - Operating expenses were reduced to 15.232 billion RMB, down 16.2% from 18.178 billion RMB in the previous fiscal year [3]. - Net profit reached 386 million RMB, compared to a loss of 1.668 billion RMB in the prior year [2][3]. Store Operations - The total number of stores reached 505, covering 207 cities, with a reduction of 7 hypermarkets, bringing the total to 465 [3]. - The mid-sized supermarket format, RT-Mart Super, opened 4 new stores, increasing its total to 33, with same-store sales growth of 5.9% [3]. Strategic Developments - The decline in revenue was attributed to the closure of long-term loss-making stores and a contraction in supply chain businesses such as Tao Cai Cai and Tmall shared inventory [2]. - The company plans to promote the steady development and profitability improvement of various types of stores in the new fiscal year [3]. - Alibaba sold a 78.7% stake in Gao Xin Retail at a price of 1.38 HKD per share in January, exiting the company [3].
高鑫零售发布2025财年报告