EASYHOME(SZ:000785)2022-12-05 06:22Company Overview - Wuhan Zhongshang Group Co., Ltd. operates in modern department stores, shopping centers, and supermarket chains, with 9 department stores, 1 shopping mall, and 35 supermarkets across 13 major cities including Wuhan, Jingzhou, and Huanggang [2][3]. - In 2016, the company's main business revenue accounted for 94.12% of total revenue, while other business revenue made up 5.88% [2]. Revenue Breakdown - Supermarket revenue contributed 44.70%, department store revenue 48.46%, and other business revenue 6.84% to the total revenue [3]. - The company achieved a total revenue of CNY 4.011 billion in 2016, representing a 9.00% decrease year-on-year [3]. Profitability - The total profit for 2016 was CNY 68.79 million, a significant increase of 495.73% year-on-year [3]. - Net profit attributable to shareholders was CNY 2.04 million, an increase of CNY 50.03 million compared to the previous year, primarily due to improved gross margins and controlled costs [3]. Property and Assets - The company owns over 300,000 square meters of property in cities such as Wuhan, Jingzhou, and Huanggang [3]. - In December 2016, the company received a prepayment of CNY 200 million for government asset acquisition, which has not yet been recognized as income [4]. Strategic Direction - The company focuses on transformation and upgrading, enhancing customer experience, and optimizing supply chains through direct procurement [3]. - The department stores aim to increase multifunctional service offerings to enhance customer attraction and sales [3]. Compliance and Governance - The company adheres to information disclosure regulations and has not disclosed any significant undisclosed information during investor relations activities [4].