Lianhua Supermarket (00980) announced its annual results for the year ended December 31, 2023. The group achieved sales during the period...
According to the Zhitong Finance App, Lianhua Supermarket (00980) announced the results for the year ended December 31, 2023. The group achieved a turnover of 21,836 billion yuan (RMB, same below) during the period, a year-on-year decrease of 11.5%; losses attributable to the company's shareholders amounted to 791 million yuan, an increase of 283.15% over the previous year; and a basic loss of 0.71 yuan per share.
During the review period, since the supermarket industry recovered at a lower rate than other consumer industries such as restaurants, visitors to stores were affected to a certain extent. Ordinary people spent more rationally, and there was a clear trend of consumption downgrade. At the same time, due to the impact of the epidemic on the peak sales season during the Spring Festival at the beginning of the year, turnover declined year-on-year. Among them: The online home delivery business showed steady growth, and online sales increased 12% year-on-year compared to last year.
The Group has 3,356 stores. During the review period, the Group opened 337 new stores, including 2 new large supermarkets; 299 new supermarkets; 299 new stores in the supermarket business, including 93 new direct-run stores and 206 new franchise stores; 36 new convenience stores, including 12 new direct-run stores and 24 new franchise stores.