Intelligent Finance and Economics APP news, Lianhua Supermarket (00980) released its interim results for the six months ended June 30, 2024, with revenue reaching RMB 10.897 billion, a year-on-year decrease of approximately 7.4%. Same-store sales decreased by approximately 6.97%, with a decrease of approximately 8.55% in the large integrated supermarket format, a decrease of approximately 5.21% in the super market format, and a decrease of approximately 6.45% in the convenience store format.

Gross profit was approximately RMB 1.252 billion, a year-on-year decrease of approximately RMB 0.235 billion, with a gross margin of approximately 11.49%. The comprehensive yield was approximately 22.37%.

Operating profit was approximately RMB 0.014 billion, with an operating profit margin of approximately 0.13%. Pre-tax profit was approximately RMB 0.018 billion, a year-on-year increase of approximately RMB 0.008 billion. The attributable loss to the company's shareholders was approximately RMB 0.055 billion, a year-on-year decrease of approximately RMB 0.062 billion. Basic loss per share was RMB 0.05.

The company has 3,343 stores. During the review period, the group opened 123 new stores, including 2 large integrated supermarket format stores, 111 super market format stores (including 39 directly operated stores and 72 franchise stores), and 10 convenience store format stores, all of which were franchise stores.

In the second half of 2024, China's economic policies will continue to emphasize expanding domestic demand and stimulating consumption, and will adopt more proactive response strategies and measures. The focus is on improving the long-term mechanism for expanding consumption, increasing residents' income, and promoting service consumption to expand and upgrade consumption. This is an important and positive signal for the retail industry, indicating that the industry is expected to usher in new development opportunities. The group will actively respond to policy guidance, seize opportunities, and take advantage of the opportunity to issue domestic shares to Bailian Group, injecting strong financial power into the company's business ecosystem transformation and daily operations. With innovative business strategies and excellent service quality, the group will seize new opportunities in the industry and explore new growth points, thereby significantly improving the company's profit potential and market competitiveness.