Chongqing Department Store Co.Ltd(600729) 4 the quarterly report of 2022 released on April 22 shows that from January to March this year, the company achieved an operating revenue of 5.271 billion yuan, a year-on-year decrease of 19.04%; The net profit attributable to the parent company was 414 million yuan, a slight decrease of 5.03% year-on-year; The net profit after deducting non profit was 366 million yuan, a decrease of 11.35%, and the earnings per share was 1.04 yuan. During the reporting period, the net cash flow from the company’s operating activities reached 1.026 billion yuan, a year-on-year increase of 132.07%.
The company said that since the beginning of this year, due to the decline of passenger flow and shortage of goods in physical stores caused by the epidemic control, the company’s operating revenue and net profit have decreased: first, affected by the epidemic, the company’s normal business activities, especially the operation of department stores, have been affected; Second, the supply chain problems such as lack of core in the automotive industry have not been effectively solved, resulting in insufficient supply of complete vehicles and parts.
In the face of the severe situation, Chongqing Department Store Co.Ltd(600729) company takes the road of business, keeps up with market changes, actively seizes business opportunities, quickly looks for goods, strives for manufacturer resources, splits sales channels and stabilizes sales and gross profit.
It is understood that the company has mainly taken four measures to deal with it: first, strengthen the operation ability of members, continuously improve the proportion of member sales, promote the activation of stock members and improve the viscosity of members. Second, improve the online operation ability, coordinate the live broadcast sales, organize video challenge activities, enhance the online live broadcast frequency, make full use of multi platform and multi-channel marketing scenarios, and increase the sales tentacles. Third, strengthen commodity management capacity, optimize the supply chain, constantly improve the proportion of sales of strategic brands, exclusive products and key single products, and strive to minimize the impact of the epidemic. Fourth, through continuous reform and accelerating the promotion of comprehensive digitization, reduce costs and continue to tap potential.
