Chongqing Department Store Co., Ltd. (600729)

Chongqing Department Store Co., Ltd. (600729)

Chongqing Department Store Co., Ltd. has gone through 100 years since it founded baoyuantong in 1920. In 1950, on the basis of baoyuantong department store, southwest department store sales department was established. Through the stages of Chongqing department store central store, 38 department store, Chongqing department store and Chongqing department store, Chongqing Department Store Co., Ltd. was established in 1992. In 1996, it was listed publicly and became the first commercial listed company in Chongqing.

The company is mainly engaged in department stores, supermarkets, electrical appliances and automobile trade. It has well-known trademarks and commercial brands such as Chongqing department stores, new century department stores, electrical appliances and automobile trade. It has opened more than 300 shopping malls and stores of various types, and its business outlets are distributed in Chongqing, Sichuan, Guizhou and Hubei. It is a leading retail enterprise in Western China, and has been listed in the "all China" list for more than ten years China's top 100 retailers. In recent years, the company has maintained steady growth, adjusted its structure to promote transformation, accelerated technological empowerment, increased reform and innovation, and actively developed consumer finance and supply chain finance business. There is a strong atmosphere of "entrepreneurship, innovation and efficiency, joint creation, sharing and sharing", and the comprehensive strength and competitiveness of the enterprise have been continuously enhanced. In 2019, the company will achieve an operating revenue of 34.5 billion yuan and profits and taxes of more than 3 billion yuan, ranking in the forefront of A-share department store listed companies in terms of scale and efficiency.

Chongqing business group, the controlling shareholder of the company, has increased its capital by introducing two strategic investors, Wumart group and Bubugao group, to share advantageous resources, such as format chain, supply chain and information technology. The synergy effect is obvious and the operation efficiency is improved. The company will strive to become the most reliable quality life service provider for consumers.

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