Investment Exceeds 600 Million! Another Super Large Business Complex In Northwestern China Is On Trial In Lanzhou Nanguan Business Circle.

The Limited by Share Ltd, the largest chain retailer in Gansu, Limited by Share Ltd (hereinafter referred to as "Guo Fang Group") announced that the company's investment in the initial public offering of "Fung Fang Le Yue Hui" project has been on trial operation in October 18, 2019.


Guo Fang Group said that the opening of the investment project will further enhance the company's influence and competitive position in the retail industry in Lanzhou, and will also have a positive impact on the future economic and social benefits of the company.


Guo Fang Le Hui Hui project invested 682 million 143 thousand and 500 yuan, located at 328 Qingyang Road, Lanzhou, east of the press and publication building, the former international trade center. The building area of the project is 59582.85 square meters, the contract has been signed, the total area of the real estate certificate has been 57282.40 square meters, and the remaining 2300.45 square meters are underground civil air defense works.


The first textile net reporter learned from past announcements that the Nanguan business district, located in the center of Lanzhou City, is located in the center of the city of Lanzhou, with a population density of 58 thousand. It is a traditional commercial center in the history of the Republic of China. Nanguan business circle brings together many formats such as city financial center, administrative center, high-grade office area, intelligent enterprise group, catering industry, entertainment industry, IT industry, hotel industry and so on.


Guo Fang Le live project is a combination of department stores, boutique supermarkets, restaurants, entertainment and so on. The core concept of happy life and happy shopping is to create a department store that guides the multi-dimensional and new eco shopping mode in Lanzhou and a fashion life shopping center with a full range of lifestyle supporting capabilities. The project uses the resources of big data and retail APP, from fashion to upstart, to create a convincing commercial value, making the project a tidal landmark and modern gathering point in Lanzhou, making it a tide worship shrine and a fine life center for young people in Lanzhou.


The national music live exchange project is mainly for white-collar workers aged 18 to 35, who pursue fashion trends and life concepts. At the same time, through the analysis of customer demand through intelligent data, we explore customers' potential consumption intention, enrich products and expand the level of consumer groups, forming a full level customer consumption project.


The group said that after the completion of the Lok Yu remit project, the expected annual sales revenue was 1 billion 500 million yuan in the normal operating year, the annual value-added tax was 18 million 725 thousand and 500 yuan, the annual sales tax and the additional 16 million 662 thousand and 400 yuan, the total annual profit was 148 million 12 thousand and 700 yuan, the annual profit after tax was 111 million 9 thousand and 500 yuan, and the income tax was 37 million 3 thousand and 200 yuan. The investment profit rate of the project is 19.98%, the investment profit and tax rate is 24.75%, the sales profit rate is 9.87%, the pre tax financial internal rate of return is 10.80%, the after tax internal rate of return is 8.97%, the pre tax static investment recovery period is 12.82 years, the post tax static investment recovery period is 13.57 years, the pre tax dynamic investment recovery period is 15.48 years, and the post tax dynamic investment recovery period is 17.18 years, all of which contain the construction period 5 years.


According to public information, the group was founded in April 1996, and is a famous commercial brand and large commercial enterprise in Lanzhou. The company's revenue mainly comes from the sales revenue of its stores and the rental income of functional businesses. As of the first half of 2019, the group has operated 12 stores, with an area totaling 298 thousand and 700, including 6 stores and 6 supermarkets. The combination of different formats strengthens the synergy between formats and is conducive to meeting customers' shopping needs.


According to the financial report, in the first half of 2019, the state owned group realized 1 billion 445 million yuan of revenue, a year-on-year decrease of 2.43%, and a total profit of 99 million 725 thousand and 200 yuan, a decrease of 11.78% compared with the same period last year. The net profit of the shareholders attributable to the listed company was 72 million 771 thousand and 800 yuan, a decrease of 12.41% compared with that of the previous year. The net profit of excluding the non recurring gains and losses attributable to shareholders of the listed company was 72 million 253 thousand and 800 yuan, a year-on-year decrease of 3.53%, and the gross profit margin of the main industry was 16.5%, down by 0.7 percentage points year-on-year.


As of June 30, 2019, the state owned group has 12 stores in Gansu, Ningxia and Qinghai, with a total area of 298 thousand and 700 square meters, including 6 stores in the department stores, namely Dongfanghong Plaza, Guo Fang store, Xigu store, Baiyin World Trade Center, Ningxia shopping plaza, Zhangye shopping plaza, Xining Fangfang department store, and 6 supermarkets. They are Zong Chao Plaza store, Zong Chao Xi Huayuan store, Zong Chao Changhong shop, comprehensive super Qilihe store, comprehensive supermarket, Nanchuan store, and comprehensive super Gaolan store.