On August 29, Lianhua Supermarket (00980.HK) announced that as of June 30, 2024, the revenue reached RMB 10.897 billion, a decrease of about 7.4% year-on-year. Same-store sales decreased by about 6.97%, with large comprehensive supermarket formats decreasing by about 8.55%, super supermarket formats decreasing by about 5.21%, and convenience store formats decreasing by about 6.45%. The gross profit is approximately RMB 1.252 billion, a decrease of about RMB 0.235 billion year-on-year, with a gross margin of about 11.49%. The comprehensive income rate is approximately 22.37%. The attributable loss to the company's shareholders is approximately RMB 0.055 billion, a decrease of RMB 0.062 billion year-on-year. Basic loss per share is RMB 0.05.
It has a total of 3,343 stores. During the review period, the group opened 123 new stores, including 2 new large comprehensive supermarket format stores; 111 new super supermarket format stores, with 39 directly operated stores and 72 franchise stores; 10 new convenience store format stores, all of which are franchise stores.
