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Wushang Group (000501.SZ): Plans to jointly establish a joint venture with Wangfujing Group to operate duty-free projects in Wuhan.
On December 26th, Gelonghui reported that Wushang Group (000501.SZ) announced that the company and Wangfujing Group Co., Ltd. (referred to as "Wangfujing") jointly invested to establish the Wangfujing Wushang Duty-Free Merchandise Operation Co., Ltd. (tentative name, subject to final registration by the market supervision administration, referred to as "joint venture company"). The operational project is for duty-free items within Wuhan City, with a registered capital of 80 million yuan for the joint venture company. Among this, the company contributed 39.2 million yuan, accounting for a 49% share; Wangfujing contributed 40.8 million yuan, holding 51% of the joint venture company's shares.
Wushang Group (000501.SZ): Actively exploring new tracks such as instant retail, low-altitude economy, and cross-border e-commerce.
On December 25, Gelonghui reported that Wushang Group (000501.SZ) stated on the investor interaction platform that the company cultivates high-quality development "new momentum" through "new tracks." By investing in the establishment of the Jiangtun Fund and setting up Jiangtun Digital Technology and offshore companies, it is focusing on the layout of strategic new industries. The company actively explores new tracks such as instant retail, low-altitude economy, and cross-border e-commerce, continuously empowering diversified development.
Wushang Group (000501.SZ): Actively creating a "Second Dimension" block.
On December 23, Gelonghui reported that Wushang Group (000501.SZ) stated on the investor interaction platform that in order to deeply explore market growth and stimulate consumer vitality, a series of "first store", "first launch", and "first exhibition" events are being showcased successively. The company continues to explore the lifestyle of the new generation of consumer groups, increases the introduction of "two-dimensional" brands, actively builds "two-dimensional" districts, and simultaneously conducts a variety of colorful two-dimensional cultural activities such as comic exhibitions and offline support events, creating a more diversified and personalized consumer scene. The company has partnered with SF Express to create the country's first cross-river trade low-altitude Drone route, responding to government efforts to accelerate the promotion of low-altitude economies.
Wushang Group (000501.SZ): Launched the "Yangtze River Dolphin Selected" proprietary brand Commodity to strengthen the "first launch exclusive" Operation advantage.
On December 23, Gu Longhui reported that Wushang Group (000501.SZ) stated on the investor interaction platform that its subsidiary supermarket stores are located in multiple cities including Hubei Wuhan, Xiangyang, Shiyan, Jingzhou, E Huang, Huangshi, and Nam Cheong in Jiangxi, as well as a modern Logistics center that integrates ambient temperature, low temperature, and distribution. In recent years, Wushang Supermarket has accelerated its transformation and upgrade while improving quality and strengthening foundations around the group's Global Strategy objectives, actively promoting the integration of online and offline channels. Taking the 'Colorful Upgrade Enhancement Action' as an opportunity, it continuously optimizes supply chain management and accelerates the transformation and upgrade of existing stores. It firmly adheres to the direction of 'high quality and high price' and introduces 'Jiang'
Wushang Group (000501.SZ): Currently, there is no operating qualification for duty-free goods.
According to the investor interaction platform on December 23rd, Gelonghui, Wushang Group (000501.SZ) stated that the company currently has no qualifications for the operation of duty-free goods.
Wushang Group (000501.SZ): The controlling shareholder of Zhejiang Silver Tai and Dazi Silver Tai, who hold more than 5% of the shares, has changed.
On December 19, Gelonghui reported that Wushang Group (000501.SZ) announced that on December 19, 2024, it received a "Notice Letter" from shareholders Zhejiang Silver Tai and Dazi Silver Tai. The specific situation is as follows: Recently, Alibaba Investment Limited (referred to as "Alibaba Investment") signed a "Share Purchase Agreement" with Youngor Group (Ningbo) Co., Ltd. (referred to as "Youngor Group"), Hangzhou Zhenyi Commercial Management Co., Ltd., and Hangzhou Taiyi Commercial Management Partnership (Limited Partnership), which stipulates that Alibaba Investment will include Zhejiang Silver Tai and Silver Tai Department Store Co., Ltd. (referred to as "
Wushang Group (SZSE:000501) Shareholders Have Lost 32% Over 1 Year, Earnings Decline Likely the Culprit
