Is full of challenges.SahararichesmegawaysIn 2023, Chongqing Department Store (600729) realized with its firm pace of business innovation and digital intelligence transformation.SahararichesmegawaysThe double growth of operating income and net profit shows the resilience and innovative strength of the company in the complex market environment.

In 2023, the operating income of Chongqing Department Store reached 189.Sahararichesmegaways.85 billion yuan, an increase of 3.72% over the same period last year. The net profit belonging to shareholders of listed companies was 1.315 billion yuan, a substantial increase of 48.84% over the same period last year. Basic earnings per share increased to 3.32 yuan, and return on equity increased to 22.59%, an increase of 5.34 percentage points over the same period last year.

Chongqing Department Store said that by putting consumers at the center, it has comprehensively enhanced the company's "six capabilities" by paying close attention to the construction of "two systems", speeding up comprehensive digital intelligence, thoroughly returning to business nature, and promoting integration, change and innovation. This series of strategic measures enable the company's main business income to achieve year-on-year growth. In terms of the integration of business nature and innovation, the company has created a new scene of diversified consumption, such as "time Tower" and "College of Beauty in Life", which has effectively promoted the steady growth of retail performance. At the same time, the stable performance of immediate Consumer Finance Co., Ltd., which is owned by the company, coupled with the successful listing of Chongqing Dengkang Oral Care products Co., Ltd., contributed to a significant increase in profits for the company compared with the same period. In addition, through the sale of shares in Chongqing Shiyi Product quality Inspection Co., Ltd., the company effectively increased the current earnings, reflecting the company's ability in asset optimization and capital operation.

The effective implementation of the strategy, especially in the aspects of mathematical intelligence, supply chain and format innovation, fine management, improvement of market mechanism, optimization of governance structure, etc., are important factors for Chongqing Department Store to achieve good performance. The total number of members of the company for the whole year exceeds 2Sahararichesmegaways0, through digital intelligence means to promote the deep integration of commodities, members, channels and marketing. In terms of supply chain and format innovation, the company deepens the brand joint business plan, accelerates the expansion of online channel supply chain, and promotes format innovation, such as 3R prefabricated dishes and other new business models. In fine management, the company has implemented organizational optimization, tightened cost control, promoted rent reduction, saved costs, and improved operational efficiency. At the same time, the company has optimized the performance assessment, promoted grass-roots micro-innovation, implemented medium-and long-term incentives, and built a community with a shared future for the core team of the enterprise. In the optimization of governance structure, the company completed the new recruitment of directors, revised the governance documents, improved the efficiency of decision-making, and promoted the standardized operation of the board of directors.

The retail industry where Chongqing department store is located is experiencing the transformation from the incremental market to the stock market, consumers pursue the performance-to-price ratio more, and retail enterprises pay attention to the improvement of supply chain capability and commodity performance-to-price ratio. With its advantages in supply chain management, format innovation and numerical intelligence transformation, the company is expected to occupy a favorable position in the industry reshuffle.

In the face of 2024, the company will continue to be consumer-centered, adhere to reform and innovation, strengthen brand building, increase R & D investment, optimize channel layout, and improve sales efficiency. At the same time, the company will pay close attention to the market trends and adjust its strategy in time to adapt to market changes and seize new opportunities for the development of the industry.

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