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lianhua supermarket hldgs -h (980) Snapshot

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lianhua supermarket hldgs -h (980) Details

Lianhua Supermarket Holdings Co., Ltd., together with its subsidiaries, operates supermarkets, hypermarkets, and convenience stores primarily in the eastern region of the People's Republic of China. The company operates its stores under the Century Mart, Lianhua Supermarket, Hualian Supermarket, and Lianhua Quik brand names. It is also involved in the sale of merchandise to wholesalers; and provides logistic services for wholesale business, as well as franchises its stores. In addition, the company sells its products through Internet. As of December 31, 2014, it operated a total of 4,291 outlets spanning 18 provinces and municipalities. The company was founded in 1991 and is based in Shanghai, the People’s Republic of China. Lianhua Supermarket Holdings Co., Ltd. is a subsidiary of Shanghai Bailian Group Co., Ltd.

50,176 Employees
Last Reported Date: 09/16/15
Founded in 1991

lianhua supermarket hldgs -h (980) Top Compensated Officers

Chairman and Chairman of Strategic Committee
Total Annual Compensation: CNY594.0K
Chief Financial Officer and Joint Company Sec...
Total Annual Compensation: CNY121.0K
Executive Director, Member of Remuneration & ...
Total Annual Compensation: CNY587.0K
Executive Director
Total Annual Compensation: CNY508.0K
Deputy General Manager
Total Annual Compensation: CNY2.7M
Compensation as of Fiscal Year 2014.

lianhua supermarket hldgs -h (980) Key Developments

Lianhua Supermarket Holdings Co. Ltd. Proposes Amendments to Articles 21 of the Articles of Association

Lianhua Supermarket Holdings Co. Ltd. proposed amendments to Articles 21 of the articles of association to the EGM to be held on November 30, 2015.

Lianhua Supermarket Holdings Co. Ltd. Provides Earnings Guidance for the Nine Months Ending 30 September 2015 and for the Twelve Months Ending 31 December 2015

Lianhua Supermarket Holdings Co. Ltd. provided earnings guidance for the nine months ending 30 September 2015 and for the twelve months ending 31 December 2015. For the period, the group is expected to record a net loss for the nine months ending 30 September 2015 as compared to a net profit for the nine months ended 30 September 2014. The expected net loss is mainly attributable to the slowing down of PRC's economic growth, the impact of e-commerce posed on traditional retail industry in which the Group operates and change of consumers' consumption habits. As a result of the above-mentioned factors, it is anticipated that the financial results of the company for the twelve months ending 31 December 2015 is likely to assume the net loss trend.

Lianhua Supermarket Holdings Announces Management Changes; Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Lianhua Supermarket Holdings Co. Ltd. board announced that with effect from 28 August 2015, Mr. Hua Guo-ping ceased to be the General Manager of the Company as result of work adjustment and Mr. Lin Song was appointed as the General Manager of the company. The company reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported turnover of RMB 14,077,536,000 against RMB 15,022,556,000 a year ago. Profit before taxation was RMB 196,283,000 against RMB 264,042,000 a year ago. Total comprehensive income for the period attributable to owners of the company was RMB 21,007,000 or RMB 0.02 per basic and diluted share against RMB 97,654,000 or RMB 0.09 per basic and diluted share a year ago. Net cash used in operating activities was RMB 296,698,000 against net cash generated from operating activities of RMB 59,359,000 a year ago. Addition of property, plant and equipment and construction in progress was RMB 209,826,000 against RMB 209,100,000 a year ago. The decrease in consolidated income was mainly attributable to the decline in sales which led to a decrease in gross profit and other revenue year over year.


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