Core Viewpoint - Hangzhou Jie Bai is a large comprehensive department store group in China, established in 1992, with a strong brand foundation and extensive customer base. The company operates in various sectors including retail, wholesale, hotel, import-export trade, and services [1]. Financial Performance - In Q3 2025, Hangzhou Jie Bai reported revenue of 1.273 billion yuan, ranking 10th in the industry out of 22 companies. The top competitor, Tianhong, had revenue of 8.878 billion yuan, while the industry average was 1.866 billion yuan [2]. - The company's net profit for the same period was 316 million yuan, leading the industry rankings. The second-ranked Dongbai Group reported a net profit of 162 million yuan, with the industry average at 39.28 million yuan [2]. Financial Ratios - As of Q3 2025, Hangzhou Jie Bai's debt-to-asset ratio was 43.86%, lower than the previous year's 45.07% and below the industry average of 48.09% [3]. - The gross profit margin for Q3 2025 was 75.59%, slightly down from 77.06% year-on-year, but significantly higher than the industry average of 45.34% [3]. Executive Compensation - The chairman, Bi Ling, received a salary of 3.5338 million yuan in 2024, a decrease of 137,300 yuan from 2023. The general manager, Yu Guorong, earned 821,800 yuan [4]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 10.57% to 29,000. The average number of circulating A-shares held per shareholder increased by 11.82% to 25,100 [5].
杭州解百的前世今生:营收行业第十,净利润行业第一,稀缺百货龙头扩张可期