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Nov 01, 2021 09:52 PM (GMT+8) · EqualOcean
On the evening of November 1, Gaoxin retail Co., Ltd. (hereinafter referred to as Gaoxin retail) released the semi annual report of fiscal year 2022 as of September 30: revenue of RMB 41.534 billion and net profit of RMB 112 million. The number of RT Mart stores of its super brand has reached 497, covering 236 cities in China. During the reporting period, the number of online and offline customers increased, and the revenue increased year-on-year in the second quarter of the fiscal year (July 1-September 30). Among them, the online orders from RT Mart Youxian app, taoxianda, hungry and tmall supermarket increased by 25% year-on-year, and the average daily orders of the store increased to 1400. With the continuous increase of new retail stores, the efficiency of the supply chain will be further improved. According to the financial report data, RT Mart has built three fresh processing centers, covering 490 quick picking stores, 370 stores with hanging chains, and about 150 stores that connect tmall supermarket to share inventory. "The past six months have posed great challenges to Gaoxin retail and the whole retail industry." Lin Xiaohai, CEO of Gaoxin retail, said, "we will unswervingly adhere to the established strategy, strive to become an offline experience center and an online performance center, and accelerate the development of omni-channel and multi formats." During the financial reporting period, Gaoxin retail opened 3 large RT mart and 36 innovative small RT Mart in China. The number of contracts signed by RT Mart super, a medium-sized supermarket, has reached 16. This innovative business format is expected to open stores intensively in the next fiscal year. "Challenges remain, but we believe in the value of long-term ism and have confidence in future growth," Lin said

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