Get the full version of "Retail Industry Weekly Report: Entering the Intensive Disclosure Phase of Annual Reports and Quarterly Reports ", please pay attention to the green letter official account: vrsina, backstage reply "comprehensive report", the report number is 20bg0085.
[Summary of Research Report]
1. Six provinces and cities including Shenzhen, Tianjin, and Wuhan issued consumer vouchers to support the resumption of business and the market. Red Star Macalline, Suning Tesco and other companies jointly issued consumer vouchers on e-commerce platforms.
2. The latest opinion last week (2020.4.13-2020.4.17), the CS Trade Retail Index rose 0.17%, underperforming the Shanghai Composite Index (1.50%), Shanghai and Shenzhen 300 (1.87%) and Shenzhen Component Index (2.23%). Last week's portfolio return was 0.48%, which was 0.45 percentage points lower than the previous week's return. Focus on Yonghui Supermarket (601933.SH) and Jiajiayue (603708.SH) in the mandatory consumption channels.
E-commerce and services: The development of Suning Tesco's development platform accelerated, and the Antarctic e-commerce brand GMV and overall performance maintained rapid growth. Suning Tesco released its 2019 annual performance report. The company's operating income during the reporting period was 269.229 billion yuan, an increase of 9.91%; The scale of commodity sales was 378.74 billion yuan, a year-on-year increase of 12.47%. The company continues to improve its channel marketing network, vigorously pursues comprehensive development in multiple formats, improves supporting logistics, financial and other infrastructure, continuously improves user acquisition capabilities, and strives to achieve a full-scene retail layout. Antarctic e-commerce achieved operating income of 3.907 billion yuan in 2019, an increase of 16.52% year-on-year; net profit attributable to parent company was 1.206 billion yuan, an increase of 36.06% year-on-year; GMV was 30.559 billion yuan, an increase of 48.92% year-on-year, maintaining a net profit of more than 35% for five consecutive years With the rapid growth of the company, the market currently has good expectations for the future of the company.
General retail--Supermarkets: 33 supermarket sector companies announced the first quarter of 02020 performance forecasts. Except for the Hubei region Zhongbai Group, all companies that achieved performance growth in line with expected supermarkets and other mandatory channels have limited performance in the first quarter due to the epidemic. The business risks faced are relatively small. Residents’ demand for purchasing food, grain, oil, beverages and other mandatory commodities is stable. Therefore, on the basis of ensuring the normal operation of stores and providing home services, companies in the supermarket sector can guarantee scale and performance. Normal or even unexpected expansion.
General retail--Comprehensive business format: 111 department store comprehensive business format companies released a performance forecast for the first quarter of 02020, all affected by the epidemic are expected to lose money. Affected by the new crown pneumonia epidemic, each company has implemented a temporary suspension in accordance with local regulations on epidemic prevention and control Operations caused a year-on-year decline in the company's operating income in the first quarter. At the same time, labor costs and distribution costs increased sharply during the epidemic, and along with rigid expenses such as rent, expenses rose sharply. With the stability of the domestic COVID-19 control area, most of the company's stores have resumed normal operations. At the same time, governments across the country have actively responded to consumer promotion policies, and household consumption has ushered in a new round of growth; the superimposed department store retail industry further explores digital transformation, and the future is expected Gradually get better and warmer.
