On March 18, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) ( Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) ) released the financial report for 2021. During the reporting period, the listed company achieved an operating revenue of 697 million yuan, a year-on-year decrease of 0.96%; The net profit was -635492 million yuan, a year-on-year increase of 14.58%.
From the comparison with macro data, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) obviously underperformed. Public statistics show that under the normalization of the epidemic in 2021, the total retail sales of social consumer goods rebounded significantly. In 2021, the total retail sales of social consumer goods was 44.08 trillion yuan, a year-on-year increase of 12.5%. The contribution rate of final consumption expenditure to economic growth was 65.4%, driving economic growth by 5.3 percentage points, effectively playing the role of the first engine.
By industry, the revenue from commodity sales still accounts for the majority of Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) main business revenue. In 2021, this business segment achieved an operating revenue of about 350 million yuan, with a year-on-year decline of 6.12%.
In order to comprehensively promote the epidemic prevention and control and business development, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) also carried out adjustment and reform last year.
On the one hand, in order to cope with the impact of the epidemic on the real business in the commercial sector, the company has promoted the internal adjustment of urban and rural Chinachem commercial buildings in combination with the transformation of Gongzhufen business district. The most obvious is the transformation of the fifth floor of the commercial building, and the introduction of catering merchants such as DongLaiShun, Hanshi barbecue and impression rubbing to create a “Shiguang courtyard” food district.
On the other hand, 118 supermarkets in urban and rural areas have also strengthened the digital construction, deepened the in-depth integration of online channels and offline physical stores, reorganized the existing online platforms, optimized the logic of online goods, strengthened the promotion of platforms, and formulated online operation assessment plans.
However, according to the financial report disclosed by Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) the above-mentioned reform measures have not achieved phased results, and this path of adjustment and reform is expected to continue this year.
According to the announcement, in 2022, the Yizhuang project under Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) will be adjusted to dispose of the real estate and equity of Huangsi, whose main business is not highly related.
Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) also made a “precise forecast” on the financial data of 2022. This year’s operating revenue (Consolidation) is expected to reach 730 million yuan, an increase of 33 million yuan or 4.70% over the previous year; The total profit (Consolidation) is expected to reach 184 million yuan, an increase of 246 million yuan over the previous year, mainly due to the expected equity disposal income of subsidiaries.
For this year’s Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) , one of the most important tasks is to promote major asset restructuring. In October 2021, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) once disclosed a major asset restructuring plan, which planned to replace all assets and liabilities except the retained assets with the equivalent part of 86% equity of Beijing foreign enterprises held by the controlling shareholder of the company, Beijing Guoguan, and the acquired assets would be undertaken by Beijing Guoguan.
Meanwhile, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) plans to issue shares to Beijing Guoguan for 15.84 yuan / share to purchase the difference between the 86% equity of Beijing foreign enterprises held by Beijing Guoguan and the transaction price of assets, and plans to purchase 8.8125%, 4% and 1.1875% equity of Beijing foreign enterprises held by Tianjin Rongheng, Beijing venture capital and jingguofa respectively by issuing shares. Through this restructuring, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) will acquire 100% equity of foreign enterprises in Beijing.
After the completion of this transaction, the listed company will put out the original commercial retail assets and put in the business-related assets of the human resources service industry. The main business will become personnel management services, salary and welfare services, business outsourcing services, recruitment and flexible employment services.
In parallel with the original dull main business and the injection of restructured assets, Beijing Urban-Rural Commercial (Group) Co.Ltd(600861) the top ten shareholders also experienced a “double line” change of advance and retreat.
Among them, China Industrial And Commercial Bank Of China Limited(601398) Oriental theme selected hybrid securities investment funds and other institutions, the camp of the top ten shareholders of new companies, while the customer funds and some natural persons of China Merchants Securities Co.Ltd(600999) international company were reduced.
