New World Department Store COO Chen Xucun Next Month Entry New Company

Chen Xucun, assistant director and chief operating officer of the managing director of the new world department store Limited, has resigned from the company and will enter the new company next month.

It is reported that before Chen Xucun left, as early as last December 1st, Huang Guoqin, executive director and chief financial officer of new world department store, had resigned.

At that time, the announcement showed that

The reason for his resignation is that his personal decision to devote more time to his personal affairs.

In addition, Mr. Huang Guoqin has confirmed that he has no disagreement with the board of directors of the new world department store, nor has he resigned from the relevant matters to inform shareholders and The Stock Exchange of HongKong Limited of new world department store.

According to the announcement, the core annual profit of new world department store decreased by HK $264 million to HK $264 million from HK $557 million in the previous year, HK $0.04 per share, and 7% reduction in same store sales.

According to the announcement, the northern district took the biggest revenue for the new world department store during the year, accounting for 50.3% of the revenue, followed by the southeast and central and western regions, accounting for 30.9% and 18.8% of the revenue respectively.

The proceeds are mainly from the sale of commission sales, accounting for 60.6% of the total revenue.

And rental income account for 22.2% and 15.9% of revenue respectively, while management and consultant fees account for 1.3% of revenue.

In fact, in the cold environment of the mainland department store, the new world department store issued a profit warning in August 21st. As of the six months of June 30, 2015, the profit of the company's equity holders will be reduced by about 85%.

The decrease in profit attributable to equity holders is mainly attributable to the estimated loss caused by the one-off provision due to closing the branch and due to the estimated loss of property, plant and equipment impairment.

Excluding the impact of the foregoing factors, the profits of the New World Department's equity holders this year will be reduced by about 50% compared with the end of June 30, 2014.

According to the annual results released in September 23rd, the total sales revenue of new world department store in fiscal year 2015 (June 2014 30-2015 June 30) was HK $15 billion 258 million, a decrease of 7.1% over the same period last year. The yield was HK $4 billion 29 million, a decrease of 2.6% over the same period last year, and the annual profit was HK $69 million 700 thousand.

There are 41 department stores and two shopping centers in the new world department store, with a total floor area of 1 million 667 thousand and 800 square meters. The total operating floor area is 1 million 346 thousand and 200 square meters. It is distributed in three operating areas in the north, Southeast and West China, covering 21 major cities in the country, including Wuhan, Shenyang, Harbin, Tianjin, Ningbo, Beijing, Shanghai, Dalian, Kunming, Lanzhou, Lanzhou, Lanzhou, Kunming, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong and Macao.

Of these, 39 are private stores and four are management shops.