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Moomoo > Quotes > 00825 NWDS CHINA > Company Profile
00825 NWDS CHINA
0.790
-0.030-3.66%
Symbol
00825
Company Name
NWDS CHINA
ISIN
KYG650071098
Listing Date
07/12/2007
Establishment Date
01/25/2007
Registration
Cayman Islands
Chairman
Zhigang Zheng
Secretary
Yugui Hu
Audit Institution
PricewaterhouseCoopers
Company Category
Other
Registered Office
Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1–1111 Cayman Islands
Head Office and Principal Place of Business
7 / F, 88 Hing Fat Street, Causeway Bay, Hong Kong
Fiscal Year Ends
06-30
Employees
2412
Market
Hong Kong motherboard
Phone
(852)-27533988
Fax
(852)23180884
Email
nwdscad@nwds.com.hk
Business
New World Department Store China Co., Ltd. is a Hong Kong investment holding company mainly engaged in department store business. The company operates through two major divisions. Department stores and other related business divisions operate New World department stores and Paris Spring department stores and shopping malls. Its operating area covers cities in northern, southeastern and central and western China. The property investment division is mainly engaged in commercial property investment business.
Profile
New World Department Store China Limited (Hong Kong Stock Code: 825), established in 1993, is the retail flagship of New World Development Limited (Hong Kong Stock Code: 17) in mainland China. It has developed into one of the largest department store owners and operators in mainland China and was listed on the main board of the Stock Exchange of Hong Kong Limited in 2007. On June 30, 2022, New World Development Co., Ltd. owned about 75% of the Group. Retail network The Group adopts the development strategy of "one city with multiple stores" and "radiation city", focusing on Greater Beijing, Greater Shanghai and Greater Southwest, and expanding its business network throughout the country in an orderly manner. As at 30 June 2022, the Group operated 19 department stores named after "New World" in mainland China and seven department stores and shopping centres named after "Paris Spring" in Shanghai, with a total floor area of approximately 1050200 square meters, covering 15 major locations in mainland China, including Beijing, Shanghai, Chongqing, Wuhan, Nanjing, Tianjin, Changsha, Zhengzhou, Xi'an, Yantai, Shenyang, Kunming, Lanzhou, Yanjiao and Mianyang. Business operation The Group actively promotes classified store management and adopts the "one store, one policy" business strategy to encourage branches to adopt different strategies in the face of the market, so as to seize the opportunity of consumption upgrading in mainland China. The Group's income mainly comes from over-the-counter sales commission income, rental income, sales of proprietary goods and interest income from financial leases as lessors. In addition to its core department store business, the Group has simultaneously expanded its proprietary business in recent years, such as LOL (Love ·Original ·Life) original Life concept Store to achieve differentiation. Organizational structure The Group has an experienced and innovative management team, which practices efficient management with a three-tier structure. The headquarters centrally controls the two major operating areas, and each region manages the operation of its stores, realizing the sharing of resources in the region and giving play to synergy. In formulating professional strategies such as investment promotion and marketing, the Group implements a two-line management mechanism in which the head office formulates a macro corporate strategy on the positioning and policy of the group, and allocates resources for strategic management, which is then handed over to the branches to correspond to the objectives. adjust and implement in accordance with local market conditions to ensure the landing of the Group's strategy. Talent development The Group regards its employees as valuable resources to enhance team enthusiasm, innovation and sense of belonging by providing different incentive schemes, training programs and development opportunities, so as to encourage and nurture talents and jointly realize the vision and mission of the Group. As at June 30, 2022, the Group had a total of 2412 employees.
Company Overview
New World Department Store China Limited (Hong Kong Stock Code: 825), established in 1993, is the retail flagship of New World Development Limited (Hong Kong Stock Code: 17) in mainland China. It has developed into one of the largest department store owners and operators in mainland China and was listed on the main board of the Stock Exchange of Hong Kong Limited in 2007. On June 30, 2022, New World Development Co., Ltd. owned about 75% of the Group. Retail network The Group adopts the development strategy of "one city with multiple stores" and "radiation city", focusing on Greater Beijing, Greater Shanghai and Greater Southwest, and expanding its business network throughout the country in an orderly manner. As at 30 June 2022, the Group operated 19 department stores named after "New World" in mainland China and seven department stores and shopping centres named after "Paris Spring" in Shanghai, with a total floor area of approximately 1050200 square meters, covering 15 major locations in mainland China, including Beijing, Shanghai, Chongqing, Wuhan, Nanjing, Tianjin, Changsha, Zhengzhou, Xi'an, Yantai, Shenyang, Kunming, Lanzhou, Yanjiao and Mianyang. Business operation The Group actively promotes classified store management and adopts the "one store, one policy" business strategy to encourage branches to adopt different strategies in the face of the market, so as to seize the opportunity of consumption upgrading in mainland China. The Group's income mainly comes from over-the-counter sales commission income, rental income, sales of proprietary goods and interest income from financial leases as lessors. In addition to its core department store business, the Group has simultaneously expanded its proprietary business in recent years, such as LOL (Love ·Original ·Life) original Life concept Store to achieve differentiation. Organizational structure The Group has an experienced and innovative management team, which practices efficient management with a three-tier structure. The headquarters centrally controls the two major operating areas, and each region manages the operation of its stores, realizing the sharing of resources in the region and giving play to synergy. In formulating professional strategies such as investment promotion and marketing, the Group implements a two-line management mechanism in which the head office formulates a macro corporate strategy on the positioning and policy of the group, and allocates resources for strategic management, which is then handed over to the branches to correspond to the objectives. adjust and implement in accordance with local market conditions to ensure the landing of the Group's strategy. Talent development The Group regards its employees as valuable resources to enhance team enthusiasm, innovation and sense of belonging by providing different incentive schemes, training programs and development opportunities, so as to encourage and nurture talents and jointly realize the vision and mission of the Group. As at June 30, 2022, the Group had a total of 2412 employees.
CEO: Zhigang Zheng
Market: Hong Kong motherboard
Listing Date: 07/12/2007
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