Text/Lianshang.com Cui Xusheng

For any listed company，The capital market always has its own measurement scale。

Some seabet crypto casino have market value as high as one trillion，Some only have a few hundred million；Some seabet crypto casino have price-earning ratios as high as thousands of times，Some are only several times as many。Market value、The price-to-earnings ratio，Reflects to a certain extent the capital market’s assessment of the company’s current operating conditions，And predictions of future profit prospects。

Of course, the same is true for retail seabet crypto casino. The strong will always be strong.

"LianShang.com" once appeared in "Sun Art seabet crypto casino、The half-year results of 14 major supermarkets including Yonghui are released，Profit becomes mainstream》 Statistics were done in the article，First half of the year，14 listed seabet crypto casino in the supermarket industry achieved a total operating income of 1507.3.7 billion yuan，Net profit 36.1.5 billion yuan。Only 2 seabet crypto casino are still losing money，4 seabet crypto casino’ net profits increased by more than 50%。First half of the year，Supermarket profits are gradually becoming mainstream。

Business management is improving，Reflected in the capital market is the rise in stock prices，Increase in market value。

According to statistics from "Lianship.com"，End of trading on September 1, 2017，The total market value of 14 listed seabet crypto casino in the supermarket industry reaches 1900.9.2 billion yuan，Total share capital 379.5.8 billion，Average stock price 8.34 yuan，Average earnings per share 0.09 yuan，Average P/E ratio 25.20 times。

Remarks:

1、In chart，Market value、The stock price is the data as of the end of trading on September 1, 2017；Earnings per share are data for the first half of 2017；P/E ratio dynamic P/E ratio。

2、Market value、P/E ratio is just a parameter，Not comprehensive、Accurately reflect the future of a company。

3、Enterprises listed on A-shares and Hong Kong，There is a big difference in its price-to-earnings ratio，General A-share market P/E ratio is relatively high，The price-to-earnings ratio of the Hong Kong market is generally low，Reflects the profitability of the company more objectively。

Overall，The market value of listed seabet crypto casino in the supermarket industry is rebounding and increasing，The overall valuation is relatively high。

Mainly presents the following six characteristics:

1. The maximum difference in market value is 85 times:As of September 1st，The total market value of 14 listed supermarket seabet crypto casino exceeded 190 billion yuan，Among them, Yonghui Supermarket is represented by 666.1 billion yuan tops the list，Sun Art Retail、Backgammon ranked two、three digits，585 respectively.0.9 billion yuan and 108.5 billion yuan。And CP Lotus, which has the smallest market value、Beijing Jingkelong is less than 1.5 billion，Beijing Jingkelong has only 7.8.3 billion yuan，This is as much as 85 times different from Yonghui Supermarket, which has the highest market value。

2、The market value of 3 seabet crypto casino exceeds“Ten billion”：Among 14 seabet crypto casino，Yonghui Supermarket、Sun Art Retail、The market value of three seabet crypto casino including BBK has exceeded“Ten billion”mark，Yonghui Supermarket、Sun Art Retail has even broken through“Fifty billion”，Far ahead of other seabet crypto casino。Also，Sanjiang Shopping is about to reach “Ten billion”，Current market value 97.6.8 billion yuan。In addition to these 4 seabet crypto casino，Hongqi Chain、Jiajiayue、Zhongbai Group、Xinhuadu、The market value of Renrenle and others has exceeded 5 billion，In other words，Currently“5 billion club”There are already 9 members。

3. The total share capital is nearly 38 seabet crypto casino:The total share capital of 14 supermarket listed seabet crypto casino is 379.5.8 billion，Among them, CP Lotus has the largest share capital，reached 110.1.9 billion，It is also the only company with a share capital of more than 10 billion，Yonghui Supermarket、Sun Art Retail is close to 10 billion，95 respectively.7 billion and 95.4 billion。In addition，Except Hongqi Chain、Lianhua Supermarket’s share capital exceeds 1 billion，BBK、Sanjiang Shopping、Jiajiayue、Zhongbai Group、Xinhuadu、Everyone is happy、Hualian Comprehensive Supermarket、Leah Retail、As many as 9 seabet crypto casino including Beijing Jingkelong have share capital of less than 1 billion，The smallest Sanjiang shopping、Beijing Jingkelong is less than 500 million，Only 4 respectively.1.1 billion and 4.1.2 billion。

4. The stock prices of 4 seabet crypto casino exceeded 10 yuan:Overall view，The stock prices of these 14 listed seabet crypto casino in the supermarket industry are generally low。Except Sanjiang Shopping、Jiajiayue、Everyone is happy、The stock prices of 4 seabet crypto casino including BBK exceed 10 yuan，The share prices of the remaining 10 seabet crypto casino are less than 10 yuan，Zhonglia Retail、Lianhua Supermarket、Beijing Jingkelong、CP Lotus (these four seabet crypto casino are all listed in Hong Kong，The reasons for the low stock price will not be repeated here。) The stock prices are less than 4 yuan。Charlotte Lotus has only 0.11 yuan，This is similar to Sanjiang Shopping (23, which has the highest stock price.78 yuan) a difference of more than 200 times。

5. Only 2 seabet crypto casino have negative earnings per share:Thanks to improved performance and recovery，Only 2 of the 14 seabet crypto casino still have negative earnings per share，Which Zhongbai Group、Hualian Supermarket turned losses into profits in the first half of the year，Its earnings per share also achieved significant growth compared with the same period last year，Increase up to 318 respectively.09% and 190.91%。In addition，Beijing Jingkelong and Yonghui Supermarkets whose net profit increased by more than 50% in the first half of the year，Its earnings per share also increased significantly，Increase of 50 respectively.00% and 37.50%。Renrenle suffered another large loss in the first half of the year，Its earnings per share also dropped to 925.74%。

6. The P/E ratio of 11 seabet crypto casino exceeds 20 times:Except Lianhua Supermarket、CP Lotus、Everyone is happy (negative price-earnings ratio)，The price-to-earning ratios of the other 11 listed supermarket seabet crypto casino all exceed 20 times，Generally high。Sanjiang Shopping、Xinhuadu is more than 20 times，reached 73 respectively.94 times and 67.43 times。And Sun Art Retail、Leah Retail、Beijing Jingkelong and other Hong Kong stocks also have 21.67 times、20.2 times and 23.89 times earnings ratio。

Yonghui Supermarket and Sun Art seabet crypto casino are located&seabet crypto casino;First Echelon”

No matter in terms of revenue scale or market value，Sun Art Retail and Yonghui Supermarket are both in the first echelon，And far ahead of the other 12 listed supermarket seabet crypto casino。

Over the past six months，Sun Art seabet crypto casino, which owns RT-Mart and Auchan, continues to accelerate internal adjustments，At the same time, we are also actively exploring new business formats，“RT-Mart Fresh”、“Unmanned convenience store”、“Beauty Store”Waiting to appear one after another。

“Small stores HiAuchan and Lavia achieve solid growth，If the business model attempt is successful，It is expected to become the core strategy of Sun Art seabet crypto casino to return to first-tier cities to expand small stores”，Represented by Guoyuan Securities。

Guotai Junan expresses，“The company’s core business remains robust despite the weak retail recovery，However, the cooperative alliance between traditional e-commerce seabet crypto casino and offline stores is expected to bring greater pressure to Sun Art Retail’s operations。”

However，Guoyuan Securities thinks，&seabet crypto casino;The company actively develops new business forms，Strengthen cost control and improve product structure，It is expected that there is still room for improvement in profitability。”

&seabet crypto casino;Start-up”、&seabet crypto casino;Mature”、&seabet crypto casino;Expansion”、&seabet crypto casino;Transformation”，16 years，Yonghui has always been&seabet crypto casino;Revolutionize your own life”。

&seabet crypto casino;Yonghui’s biggest advantage lies in its strong operating capabilities and endogenous growth capabilities”，Represented by China Merchants Securities，&seabet crypto casino;And fresh differentiated business strategy、Self-produced and self-operated profit model，Global vertical procurement supply chain、O2O omni-channel construction、&seabet crypto casino;Partner”Employee incentive system、Refined internal management and the ability to adapt to changes in the external environment are Yonghui’s core competitive advantages。”

By virtue of this，Yonghui from&seabet crypto casino;Agricultural Reform Supermarket”The small store transformed into a leading enterprise in domestic private supermarkets。

&seabet crypto casino;According to Yonghui’s current store plan and operating efficiency，In the future, its revenue will exceed 300 billion，Net interest rate is expected to reach 5%”，Shen Wanhongyuan said。

2

The industry has recovered significantly and supermarket profits are improving

The overall recovery of the seabet crypto casino industry is accelerating.

The total seabet crypto casino sales of consumer goods nationwide increased by 10% year-on-year in the first half of the year.4%，Supermarkets in seabet crypto casino units above designated size、Department store、seabet crypto casino sales of professional stores and specialty stores increased by 6% year-on-year respectively.3%、5.8%、10.0% and 7.4%。

In addition，According to statistics from the China National Commercial Information Center，In the first half of the year, the cumulative seabet crypto casino sales of the country’s 100 key large-scale seabet crypto casino enterprises increased by 3% year-on-year.1%，The growth rate increased by 6% compared with the same period last year.3 percentage points。

“In the first half of the year, the seabet crypto casino growth rate of 100 stores recovered better than that of social seabet crypto casino stores，The leader has recovered well，Good same-store growth”，Represented by Zhongtai Securities。

GF Securities also thinks so，“Offline seabet crypto casino has recovered significantly，The revenue side recovers and the expense side shrinks，The upward elasticity of the profit side is greater than that of the income side，Especially in supermarkets”。

“Meanwhile，Retail seabet crypto casino actively adjust store formats，Renovate and upgrade the old store，Increase experiential formats for newly opened stores，Appropriately close long-term loss-making stores，This has brought about considerable growth in the company’s profits in the first half of the year”，Shen Wanhongyuan said。

However，Zhongtai Securities pointed out，&seabet crypto casino;Chain supermarkets have more necessary consumer goods，Smaller sales growth elasticity，The price has a greater impact on the same store，CPI, especially food CPI, was low in the first half of the year，Resulting in poor overall supermarket performance。”

At the same time, Everbright Securities also believes that，“seabet crypto casino industry revenue has a slow recovery trend，The net profit situation is seriously divided。”

And“No matter from the perspective of management capabilities or scale advantages，Future acquisitions and mergers in sub-industries will be conducive to the growth of leading seabet crypto casino”，Represented by Everbright Securities。

Valuation，“The current overall valuation of the commercial sector is still on the high side”，But“The current valuation of leading seabet crypto casino is relatively reasonable，And performance is guaranteed”。

Listed seabet crypto casino only react from one side，But it also leads the trend of the entire industry。

“The data of listed seabet crypto casino in the retail industry only reflects the partial situation of my country’s retail industry from one side，Some situations are worth thinking about”，Director of Lianshang.com Retail Research Center、Shanghai Business School Professor Zhou Yong said。

Zhou Yong thinks，The seabet crypto casino era we live in，Existing iteration，Overlay again。Technology’s growing impact on seabet crypto casino，seabet crypto casino has an increasing impact on consumption。

Therefore，want&seabet crypto casino;Give guests comfort，Make yourself comfortable，Make business effective，In some way‘Slow attitude’，Feel free to cater‘Fast World’”。