Stock code: 6808
Financial Results AnnouncementFinancial Results Announcement
For the twelve months ended 31 March 2025
For the twelve months ended 31 March 2025For the twelve months ended 31 March | |||
RMB in million | 2023 | 2024 | 2025 |
Number of Stores | 498 | 507 | 505 |
Revenue(1) | 83,662 | 72,567 | 71,552 |
Same Store Sales Growth(2) | -4.0% | -6.6%(3) | 0.6%(3) |
Gross Profit | 20,581 | 17,958 | 17,236 |
Gross Profit Margin | 24.6% | 24.7% | 24.1% |
EBIT | 1,177 | -1,009 | 1,425 |
EBIT Margin | 1.4% | -1.4% | 2.0% |
Adjusted Profit for the period(4) | 78 | -1,636 | 692 |
Adjusted Net Profit Margin | 0.1% | -2.3% | 1.0% |
Note: The Group has initially applied HKFRS 16 at 1 January 2019.
In our electronic appliance department, the business model was changed from self-operation to consignment from August 2018. Since then, only consignment fees received have been recognized in revenue instead of gross sales.
Same Store Sales Growth: for stores that have been open for more than twelve full months as of March 31, 2025. It is calculated by comparing the sales derived from those stores during their operating periods in the twelve months ended of March 31, 2025 with sales during the corresponding periods ended of March 31, 2024.
Same Store Sales Growth is calculated based on sales excluding supply chain business (supply chain business includes Taocaicai and Tmall inventory sharing business).
Adjusted Profit for the period excluded dividend withholding tax and the tax provision accrued in connection with the announcement dated on 27 February 2025.
For the twelve months ended 31 March | |||
RMB in million | 2023 | 2024 | 2025 |
Number of Stores | 498 | 507 | 505 |
Revenue(1) | 83,662 | 72,567 | 71,552 |
Same Store Sales Growth(2) | -4.0% | -6.6%(3) | 0.6%(3) |
Gross Profit | 20,581 | 17,958 | 17,236 |
Gross Profit Margin | 24.6% | 24.7% | 24.1% |
EBIT | 1,177 | -1,009 | 1,425 |
EBIT Margin | 1.4% | -1.4% | 2.0% |
Adjusted Profit for the period | 78 | -1,636 | 692 |
Adjusted Net Profit Margin | 0.1% | -2.3% | 1.0% |
Special Impacts(4) | 0 | 32 | 306 |
Profit for the period | 78 | -1,668 | 386 |
Net Profit Margin | 0.1% | -2.3% | 0.5% |
Profit attributable to equity shareholders | 109 | -1,605 | 405 |
Earnings per share - Basic and diluted (RMB)(5) | 0.01 | -0.17 | 0.04 |
Note: The Group has initially applied HKFRS 16 at 1 January 2019.
In our electronic appliance department, the business model was changed from self-operation to consignment from August 2018. Since then, only consignment fees received have been recognized in revenue instead of gross sales.
Same Store Sales Growth: for stores that have been open for more than twelve full months as of March 31, 2025. It is calculated by comparing the sales derived from those stores during their operating periods in the twelve months ended of March 31, 2025 with sales during the corresponding periods ended of March 31, 2024.
Same Store Sales Growth is calculated based on sales excluding supply chain business (supply chain business includes Taocaicai and Tmall inventory sharing business).
Special impacts were dividend withholding tax and the tax provision accrued in connection with the announcement dated on 27 February 2025.
The calculation of basic and diluted EPS is based on the weighted average number of 9,539,704,700 ordinary shares in issue during the period.
3
12
7
486
465
472
32
33
100
134
13,686
13,008
13,172
212
252
234
FY2023 FY2024 FY2025
FY2023 FY2024 FY2025
New opening of 1
hypermarket
New opening of
4 supermarkets
New opening of 4
membership stores
Secured 3
hypermarket sites Covering
207 citiesStore Expansion
Focused on sustainable store expansion of multi-format in the regions with brand advantage.
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