Hefei Department of general merchandise will be approved by the SFC

NetEase Finance April 14 News Hefei Department store today announced that the SFC has reviewed the Hefei General Merchandise Group Co., Ltd. on the non-public issue of A shares of the application. According to the result of the meeting, the company's application for the Non-public offering of A shares is conditionally approved.　　The company will be notified separately after receiving the relevant approval from China Securities Regulatory Commission.　　The company has previously announced that the company intends to not more than 10 specific objects of non-public offerings not more than 45 million shares, the issue of a reserve price of 16.83 yuan/share, is expected to raise the total amount of capital not more than 711 million yuan. CICC recently released a research report that Hefei department store in the 1 quarter is expected to achieve net profit of about 223 million yuan, an increase of about 250% per cent, excluding the sale of base-owned equity stake 134 million yuan investment income impact, net profit of about 122 million yuan, year-on-year growth of up to 85%, Corresponding earnings per share of 0.25 yuan (additional diluted after 0.23 yuan). The company's 1-quarter operating net profit growth is expected to reach at least 60%-70%, 12-month target price of 24.5 yuan (30 times times), with 48% of the rising space.　　Reaffirm the "recommended" rating and "Midwest five Golden Flower" combination of preferred position. Hefei department store recently quoted 17.35 Yuan. Responsible Editor: NF058