Yong-FAI supermarket focus on supply chain in the next 3 years

Summary: Yong-Hui supermarket executives Friday (September 12), said the company's top level has begun with the strategic investment Side Milk Co., Ltd., but also hope that Milk Co., Ltd. can be stationed in the executive. The focus for the next three years is supply chain consolidation, the executive said

Yong-Hui supermarket executives in Friday (September 12) said that the company's top level has started with the Strategic Investor Milk Co., Ltd. docking, but also hope that Milk Co., Ltd. can be stationed in the executive.

The executive said that the next three years of work is the core of supply chain integration, the electrical business is also in preparation. The company will work closely with all strategic partners. The introduction of the milk group came in, the company's partners and funding issues have been resolved.

The senior executive also disclosed that August store operation is good, including sales revenue, same-store growth and profit situation are good, continue the first half of the growth, the company to achieve the annual operating goals have confidence. The first half of this year, Yong-Hui supermarket operating income of 17.703 billion yuan, an increase of 22.83%, achieve net profit of 453 million yuan, an increase of 16.37%.

Yong-Hui supermarket August 11 evening Notice that the company intends to 7 yuan/share of the price to the Dairy Farm company,limited (Milk Co., Ltd.) issued not more than 813,100,468 shares, raise capital not more than 5.692 billion yuan.

Yong-Hui Supermarket said, the two sides will take equity investment as a link, strengthen the global procurement, food processing and safety, private brand product development, high-end supermarkets, information technology and E-commerce, personnel secondments and training and other aspects of strategic cooperation, can further reduce the company's procurement costs, enhance supply chain control capacity, Improve business operations management capabilities.