The First Negative Growth Of Net Profit In The Industry

< p > "from the 2012 annual report data, the operating income and net profit of Listed Companies in the retail industry increased by 12.17% and -7.67% respectively compared with the same period last year, and the growth rate of operating income dropped significantly, and net profit for the first time appeared negative growth for many years."

Guang Fa securities retail industry analyst Eurasian Africa said.

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< p > < strong > industry recovery is insufficient power < /strong > < /p >

< p > according to the industry classification of Shenyin and Wanguo, the 74 listed companies in the retail business in 2012 were "/p".

< p > Ginza share GF Securities Eurya group Eurasian Group has announced that from the perspective of net profit, the differentiation of performance growth is obvious. Among them, the performance of department stores relying on the growth of old stores is almost all the way down, and household appliances chains and supermarkets are also slowing down.

Specifically, the retail sales of department stores grew by 9.55%, net profit increased by 11.94%, professional chain sub sectors operating income increased by 14.58%, net profit dropped by 38.9%, commercial property sub sectors operating income increased by 14.74%, net profit increased 30.14% over the same period.

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< p > "from the current industry data and retail companies management situation, the industry's warming power is still insufficient."

Anshun securities retail industry analyst Wang Yuanyuan believes.

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< p > from the perspective of the leading enterprises, the share of Ginza's shares is better than that of the company. By the end of 2012, the company's operating income was 13 billion 536 million yuan, an increase of 24.1% over the same period last year. The net profit attributable to the owners of the parent company was 347 million yuan, an increase of 199.59% over the same period last year.

In addition, friends of Asia, e Wu, Eurasia Group also achieved better results, net profit reached 376 million yuan, 402 million yuan and 202 million yuan, an increase of 29.44%, 21.47% and 24.86% over the same period.

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< p > and the operating income and net profit of Dongbai group, Suning cloud merchants, big east, Kaiyuan investment, Zhongxing business, chengshang group and Wenfeng stock all declined. Among them, Dongbai group made a profit of 38 million 399 thousand and 500 yuan in 2012, down 88.07% compared with the same period last year. The net profit of Suning cloud company was 2 billion 676 million yuan, down 44.49% compared to the same period last year. The net profit of big east was 121 million yuan, a decrease of 41.45% compared with the same period last year.

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< p > "the main reason for the decline in profitability of China's business enterprises in 2012 is two aspects of gross margin decline and rising rigid cost."

Zhao Xueqin, chief analyst of CITIC Securities Business and tourism industry, said that the short-term pressure faced by various sub sectors is different, leading to a short-term differentiation of earnings growth.

Among them, the home appliance chain sub industry is affected by the online shopping price war, resulting in a sharp decline of gross margin by 2.6 percentage points to 13.3%, while the supermarket sub industry is under the great pressure brought by the rising cost of labor and rent in the rapid expansion. The same store revenue growth slowed down, resulting in a negative increase in net profit and a 1 percentage point increase to 17.8% in 2012. However, from the department store industry, most of the labor and rental costs were pferred to suppliers, and the income and net profit growth basically matched.

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< p > < strong > future depends on channel sinking < /strong > /p >

< p > "if only in the short term, the development of the industry will mainly depend on the recovery of the macro economy and the increase in consumer demand brought about by the increase in household income."

Eurasian Africa believes that "from the medium to long term, more and more intense multi-channel competition is a key factor affecting the development of the industry."

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< p > for the development trend of the retail industry in the future, Jiang Tianjiao, an analyst of Hongyuan securities retail and retail industry, thinks that it mainly includes four aspects: "size up and down". Among them, "big" refers to the development of urban shopping bodies, and the residents' demand for entertainment and leisure integration is rising. Most of them are small department stores. "Small" refers to the demand for convenience supermarkets, such as the impact of aging and the sensitivity of urban residents to time sensitivity, to promote convenience stores such as Zhong Bai group and red flag chain. The convenience industry is less affected by the electricity supplier; "up" is directed to online development, such as suning.com, and so on.

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< p > "but in the short term, the channel sinking space may still be limited, after all, the consumption capacity of the three or four tier cities is still relatively weak."

Jiang Tianjiao said.

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