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ST Tesco: 2024 Annual Report
ST Tesco: 2024 Annual Report Summary
Express News | Suning.com Says 2024 Net Profit 610.6 Mln Yuan
Suning.com is expected to achieve a net income of 0.61 billion yuan for the entire year of 2024, an increase of 114.93% year-on-year.
Sina Technology reported on the evening of March 28 that Suning.com released its annual report for 2024. The report shows that the company achieved a Net income of 0.61 billion yuan attributable to shareholders of the listed company, an increase of 114.93% year-on-year, and a cash flow from operating activities (CFO) of 4.586 billion yuan, an increase of 57.56% year-on-year, marking the first annual profit since 2020. In the fourth quarter, store sales grew by 64.6% year-on-year, and the depth of the retail service provider strategy showed results. In 2024, Suning.com will promote a comprehensive optimization and upgrading of the store model, with comparable store sales revenue and sales per unit area increasing by 2% year-on-year.
The Past Five Years for Suning.com (SZSE:002024) Investors Has Not Been Profitable
The debut of Suning.com Max store in Peking will create the "China Appliance Launch Center."
Wen | Sina Technology Yan Yan Recently, the first Max store of Suning.com in Peking announced its trial operation starting on March 28. It is reported that the store is located on the 1st and 2nd floors of the Central Tower basement, covering an area of 0.02 million square meters, making it the largest single Max store currently opened in Peking. The Suning.com Central Tower Max store aims to create a "first store first launch" economic model, introducing over 80 flagship stores of high-end brands. Through the establishment of AI technology experience zones, elderly-friendly areas, whole house smart decoration experience areas, member services, and other innovative consumer scenarios, it is dedicated to providing citizens with an immersive consumption experience across all scenarios. In this regard, Zhang Yan, General Manager of the Peking regional branch of Suning.com.
