Zhongmin Baihui Retail Group Ltd
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July 1, 2020
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Zhongmin Baihui Retail Group Ltd

Revenue:
RMB 966.97 million (2018)
Profit:
RMB 40.46 million (2018)
Employees:
2,701 (2017)
GICS Industry Group:
Headquarters:
SBF Center #15-06, Singapore
Founded:
1997
Current CEO:
Chen Kaitong (Dec 2008-)
Parent:
This is the ultimate parent

Description

Zhongmin Baihui Retail Group Ltd is principally engaged in the ownership, operation and management of department stores and supermarkets in China under the name “中闽百汇”. The first 中闽百汇 store was opened in Anxi County, Quanzhou City, Fujian Province in 1997. Since then, the Zhongmin Baihui Retail Group has expanded its footprint in Fujian to 11 self-owned stores and three managed stores, spanning an aggregate gross floor area of 181,700 sqm (153,300 sqm self-owned store GFA; 28,400 sqm managed store GFA) as at 31 December 2018.

Zhongmin Baihui Retail Group ventured into the outlet store operation and management business with the opening of its maiden outlet store, Changsha Sasseur (ZMBH) Outlets, in Changsha City, Hunan Province in December 2018.

The registered office of the Company is located at 160 Robinson Road, SBF Center #15-06, Singapore 068914.

Zhongmin Baihui Retail Group Ltd is a limited liability company incorporated and domiciled in Singapore and is listed on Singapore Exchange (SGX) under the code 5SR.

In Chinese Renminbi (RMB)
In Chinese Renminbi (RMB)
In Chinese Renminbi (RMB)
No items found.

Operating Segments:

Zhongmin Baihui Retail Group Ltd derives revenue from one business segment - the ownership, operation and management of a chain of department stores in China.

Direct sales - Supermarket sales form the bulk of direct sales. In the year end 31 December 2018, revenue from direct sales accounted for 80.15% (RMB 775.0 million) of total revenue.

Commission from concessionaire sales - Concessionaire commissions are derived from the tenants in the department store area paying a portion of their sales to the company. In the year end 31 December 2018, commission revenue from concessionaire sales accounted for 13.96% (RMB 134.9 million) of total revenue.

Rental income - Rental income comes mainly from the food and beverage outlets in our stores. In the year end 31 December 2018, rental income from accounted for 4.43% (RMB 42.8 million) of total revenue.

Managed rental - Managed rental income comes from department store tenants paying fixed rental charges. In the year end 31 December 2018, revenue from managed rentals accounted for 1.47% (RMB 14.2 million) of total revenue.

Mergers and Acquisitions:

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