Membership fee income, a new source of revenue for Gome Retail
Membership fee income Was RMB 14 million, while the figure disclos for the 2023/2024 fiscal year was RMB 16 million.
Rental income was 1.508 billion, down 0.35 billion, or 2.3% year-on-year, mainly due to the r uction in the rental area of the shopping street caus by the closure of stores in the previous fiscal year and the impact of the adjustment of the tenant structure. In addition, the financial report data show that the gross profit was 8.526 billion, down 363 million, or 4.1% year-on-year from 8.889 billion. Therefore, the growth in profits still mainly came from cost savings.
Data shows that sales and marketing
Expenses were 7.667 billion, down 1.051 billion from 8.718 billion, a decrease of 12.1%. The decrease was mainly due to:
(1) Optimiz the store employee employment audit directors auditors mailing lead structure and model, saving RMB 456 million in personnel expenses;
(2) Impairment losses accru for stores with negative cash flow decreas by RMB 141 million;
(3) Management improv the efficiency of marketing expense investment and stepp up negotiations for rent r uctions. The cost savings partially offset the decrease in gross profit.
It is worth noting that during the operating period
The net cash outflow from Sun Art Retail’s Membership fee income operating activities was 641 million yuan, a decrease of 3.442 billion yuan from 2.801 billion yuan year-on-year, a decrease of 122.9%. The main reasons for the decrease are:
(1) Restrict deposits relat to unus prepaid seo services in chhattisgarh card balances increas by RMB2.918 billion in accordance with regulations of relevant Chinese authorities;
(2)Decrease in contract liabilities.
Overall, the improvement in Gao Xin Retail’s same-store performance
Is a positive signal, Membership fee income but the profit improvement 1000 mobile phone numbers mainly comes from cost r uction and efficiency improvement, and revenue is still under pressure.In the six months ending September 30, Sun Art Retail open one new hypermarket and three M membership stores. At the same time, it clos seven hypermarkets, one of which was convert into a membership store.
