Core Viewpoint - Gao Xin Retail has appointed Li Weiping as the new Executive Director and CEO, effective December 1, 2025, following the resignation of Shen Hui due to family reasons. The company aims to leverage Li's extensive experience in retail to implement its three-year strategic plan and enhance its product differentiation and supply chain efficiency [1]. Group 1: Management Changes - Li Weiping has over 20 years of management experience in the retail industry, previously holding key positions at Hema and other retail companies [1]. - Li will not receive any director's fees but will have a fixed annual salary of 3.36 million RMB as CEO, along with performance-based bonuses [1]. - The company expects Li's professional background to align with its strategic goals, focusing on product and supply chain improvements [1]. Group 2: Performance and Challenges - Gao Xin Retail has faced significant challenges, including a decline in performance and difficulties in online transformation, with net profit turning to a loss in the 2022 fiscal year [3][4]. - For the half-year ending September 30, 2025, the company reported revenues of 30.502 billion RMB, a decrease of 12.1% year-on-year, and a loss attributable to equity shareholders of 123 million RMB, compared to a profit of 206 million RMB in the same period last year [4]. - The company plans to accelerate store renovations, aiming to complete over 30 store renovations within the fiscal year and over 200 by the next fiscal year [4]. Group 3: Strategic Initiatives - Gao Xin Retail operates 462 hypermarket stores under various brands, with revenue primarily from product sales, membership fees, and tenant rents [3]. - The company has seen a 7.4% increase in online B2C order volume, contributing to a 2.1% growth in same-store sales [4]. - The establishment of front warehouses in five locations aims to enhance logistics efficiency and meet local consumer demands [4].
高鑫零售换帅， 前盒马鲜生首席商品官李卫平接任CEO