Jiajiayue Group Reports 6.38% Increase in Net Profit
Published on: 2017-05-08
Jiajiayue Group Reports 6.38% Increase in Net Profit to RMB 92 Million in Q1 2017
SPAR China’s partner Jiajiayue Group (604708) reported an operating income RMB 3.02 billion, an YOY increase of 2.22%; a net profit attributable to shareholders of RMB 92 million, a YOY increase of 6.38%. In the first quarter, the Group launched 7 new openings, 6 new openings in Jiaodong (Eastern regions of Shandong Province) and 1 new opening outside of Jiaodong, among which, 4 locations are comprehensive supermarkets and 3 locations are BabyYeah! Shops. At the end of the reporting period, there are 5 locations closed with total operating area of 5,436 square meters, and 8 new projects awaits to be built. At the end of the reporting period, the Group totally owns 633 stores. JJY Group plans to open 73 new stores and upgrade 116 existing old stores in 2017.