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Pivot Finance: seabet betting platform turns losses into profits, who is the hero

Release time: 2018-08-28

Finally farewell“Net profit is positive、Non-net profit after deduction is negative”status,The Wuhan listed company’s measures to turn losses into profits in its main business have finally paid off。

August 18,seabet betting platform Holding Group Co., Ltd. (hereinafter referred to as seabet betting platform Group) released this year’s semi-annual report。Financial report display,seabet betting platform Group achieved operating income of 78% in the first half of the year.2.5 billion yuan,YoY growth 1.6%,Net profit attributable to shareholders of listed companies (hereinafter referred to as net profit) is 4.5.9 billion yuan,237 year-on-year increase.05%。

It’s worth noting,The net profit of seabet betting platform Group attributable to shareholders of the listed company after deducting non-recurring gains and losses (hereinafter referred to as deducting non-net profit) is 3671.670,000 yuan,Loss 7506 in the same period last year.070,000 yuan,148 year-on-year increase.92%。Previously,seabet betting platform Group has appeared&ldquo for three consecutive years;Net profit is positive、Non-net profit after deduction is negative”’s phenomenon。

Everyone knows,Non-net profit is the net profit after deducting all income and expenses that have nothing to do with business operations,Can most truly reflect the profitability of business operations。This means,seabet betting platform Group’s measures to turn losses into profits in its main business have achieved initial results。

So, how did seabet betting platform Group turn losses into profits?

seabet betting platform Group Performance Statement in Recent Years Compiled by Fulcrum Finance

Supermarket format is still the main revenue generator“Heroes”

Let’s first take a look at the composition of seabet betting platform Group’s main business revenue。

seabet betting platform Group is a large-scale chain enterprise with commercial retail as its main business,As of the end of June this year,Has 1174 chain outlets。Business formats mainly include supermarkets and department stores,Among them,Supermarket format achieves operating income of 72.400 million yuan,YoY growth 1.6%,92% of operating income.5%;Department store business achieved operating income of 5.1.7 billion yuan,Decreased by 3 year-on-year.1%,6% of operating income.6%。

Therefore,Supermarket format is the main source of income for seabet betting platform Group“Heroes”。In the semi-annual report,It also points out,In the first half of this year, we continued to promote the development of supermarket formats,Mainly includes its subsidiary seabet betting platform Warehousing、seabet betting platform Supermarket and seabet betting platform Convenience Store。

Noted by Fulcrum Finance,For different chain outlets,seabet betting platform Group has made different response strategies。

In the field of warehousing,Due to positioning as a comprehensive store,The products sold are relatively complete,It chose to use new technologies to make the shopping experience better。Shopping in store,We often encounter checkout lines that are hundreds of meters long,Many consumers complain that this affects their mood,Consumers who can’t wait will drop the selected products and walk away。

So,Since the end of last year,seabet betting platform Warehouse cooperates with Duodian Life (China) Network Technology Co., Ltd. (hereinafter referred to as Duodian),Online in some stores“Free shopping”Function。When consumers shop in these stores,Can open multi-point APP,Use your mobile phone to scan the QR code of the product and complete the payment while shopping,When arriving at the gate of the unmanned cashier area,Swipe the QR code generated during payment against the physical verification machine,You can leave after the machine automatically verifies that everything is correct,The payment process is more personalized and liberalized。

March 15 this year,Both parties have strengthened cooperation,Online“Self-service shopping”Function。In the unmanned cashier area,Consumers can check out at the self-service cash register,Take out the products you selected one by one and scan them,After scanning all, a payment QR code will be generated on the screen,Just take out your mobile phone and scan the QR code to pay,It only takes about 1 minute。

As of the end of June this year,In 175 seabet betting platform warehouse stores,138 are online“Free shopping”Function,More than 10 online“Self-service shopping”Function。A relevant person from seabet betting platform Group once said in an interview with Fulcrum Finance,In the future, relevant unmanned cashier technology will be applied to all business types,To better serve consumers。

This has brought huge returns to seabet betting platform Warehousing,Achieved operating income of 54 in the first half.100 million yuan。

In the supermarket field,seabet betting platform Supermarket hopes to become consumers’ living kitchen,Having cooperated with Yonghui Supermarket since 2016,Strengthen the field of fresh food where consumers purchase more frequently,Vigorously develop neighborhood fresh food green label stores。Positioning around the living kitchen,Selected vegetables、Fruit、Meat、Seafood、Condiments, etc. for sale。In these stores,Fresh food accounts for more than 50%。

First half of the year,seabet betting platform Supermarket has added 5 new neighborhood fresh food green label stores。Among 734 stores,The total number of neighborhood fresh food green label stores reaches 79。Pivotal Finance learned,The proportion of neighborhood fresh food green label stores will continue to expand in the future。Including Neighborhood Fresh Green Label Store,seabet betting platform Supermarket achieved operating income of 13.8.2 billion yuan。

In the field of convenience stores,In order to be closer to consumers and more distinctive,Signed a cooperation agreement with Lawson Co., Ltd. as early as 2016,Jointly launched to sell lunch boxes、Sushi、Rice ball、seabet betting platform Lawson convenience store specializing in fresh food such as bread and desserts。An additional 47 stores were added in the first half of the year,The total number of seabet betting platform Lawson convenience stores reaches 238。

Not only that,In the first half of the year, 6 Haobang e-commerce stores and 1 e-Mart unmanned retail convenience store were opened。Haobang e-shopping is composed of multiple unmanned smart vending machines,When consumers purchase goods,After scanning the QR code of the unmanned smart vending machine through WeChat or Alipay,Activate the small password-free function and authorize it when using it for the first time,You can open the cabinet door and choose your favorite product or products,If you don’t like it or there are quality problems, you can put it back and buy it again,Close the cabinet door afterwards,The system will automatically settle the deduction。

e-Mart uses RFID wireless radio frequency and electronic price tag technology,When consumers enter the store to shop,For first-time use, you need to scan the QR code at the entrance with WeChat to register,Scan the QR code again after successful registration,The store door will open automatically。Select the product and place it in the product identification area,After the sensor recognizes the product,The system automatically generates a payment QR code,Consumers can go out after completing the settlement by scanning the QR code。

Semi-annual report display,seabet betting platform convenience store achieves operating income 2.4.4 billion yuan,The same period last year was 1.400 million yuan。

O2O business revenue increased 26 times

In fact,In the field of department stores,seabet betting platform Group is also constantly adjusting categories and improving shopping experience。Among them,Jiangxia seabet betting platform Shopping Plaza has added an experiential home clothing store,We also introduced auxiliary catering industry Chinese food and Japanese food to enhance the overall image;Xiantao Department Store cooperates with Ouyada,Renovated into the largest local furniture mall。

However,At present, these measures have not been effective。seabet betting platform Department Store’s operating income declined in the first half of the year,The same period last year was 5.3.4 billion yuan,Only 5 this year.1.7 billion yuan。This means,seabet betting platform Department Store needs to make more efforts。

Overall view,Supermarket business performs well,Offset the decline in operating income of department stores。

Comparison table of operating income of seabet betting platform Group’s supermarket format and department store format compiled by Fulcrum Finance

While consolidating offline business,seabet betting platform Group is also actively developing O2O business,Currently mainly reflected in the supermarket format。

Among them,Started at the end of last year,seabet betting platform Warehousing and multi-point cooperation,O2O services have been launched in some stores。Consumers place orders online through Duodian APP,seabet betting platform Warehouse offline stores are responsible for delivery,Third-party logistics provides two-hour delivery service。First half of the year,seabet betting platform Warehouse has 79 stores that have opened this service,800,000 business transactions。

Not only that,April 24 this year,seabet betting platform Supermarket also cooperates with Taobao on a pilot basis,Opened Taoxianda service at its neighborhood fresh food youth store,Consumers within 3 kilometers of the store,You can shop through Taobao Taoxianda entrance,After placing an order online, the delivery person can deliver the goods within 1 hour at the earliest。

Pivotal Finance learned,The average daily orders for this service are about 500,The second batch of seabet betting platform Supermarket Taoxianda stores will open ten stores,Will be online soon。

In addition,Also starting from this year,seabet betting platform Lawson Convenience Store and Ele.me under seabet betting platform Convenience Store、Meituan and others start pilot cooperation,The takeaway business is online。According to the idea of ​​seabet betting platform Group,O2O business will cover all business formats in the future。

O2O business also brought surprises to seabet betting platform Group。All last year,The revenue from this business is only 17.5 million yuan。78.73 million yuan in the first half of this year,More than 26 times compared with the same period last year。

Only seabet betting platform Warehousing“Exam”Qualified

Can see,seabet betting platform Group’s operating income is increasing。What’s even more gratifying is,Its net profit is also rising。

However,The biggest contributor to net profit is“Demolition money”。Luoshi Warehouse Store located at No. 210 Luoshi Road, Hongshan District,Due to the construction of Wuhan Rail Transit Line 11, it was included in the scope of taxation,The total amount of compensation funds in the agreement is 6.3.7 billion yuan。

First half of the year,seabet betting platform Group has received all compensation,Loshi Warehouse Store contributed 4.Net profit of 2.7 billion yuan,Proportion of net profit is 93.02%。

Because of this,seabet betting platform Warehousing’s net profit reached 4.700 million yuan。If this non-recurring income is deducted,seabet betting platform Warehouse’s operating profit is 43 million yuan。Not bad compared to the same period last year,You must know that there were only 28.160,000 yuan。

What cannot be ignored,seabet betting platform Supermarket and seabet betting platform Convenience Store under the supermarket format,Although operating income is growing,But the net profit is still negative。Among them,seabet betting platform Supermarket lost 235.150,000 yuan,seabet betting platform convenience store lost 585.920,000 yuan。

Also,In the department store business, seabet betting platform Department Store’s operating income and net profit both declined,The loss in the first half of the year reached 1911.410,000 yuan。

In summary,The performance of seabet betting platform Group’s supermarket format is better than that of department store format。In supermarket format,The performance of seabet betting platform Warehousing is better than seabet betting platform Supermarket and seabet betting platform Convenience Store。

Therefore,The results of related changes are more obvious in seabet betting platform Warehousing。From the data perspective,Only it“Exam”Qualified。In the days to come,seabet betting platform Supermarket、seabet betting platform Convenience Store and seabet betting platform Department Store still need to explore deeper changes。

While doing a good job in the main business,seabet betting platform Group may focus on non-main business。After all,Some of its non-main businesses,such as electrical appliances、Logistics、You can make a lot of money from fresh food processing,Finally, its non-net profit deducted reached 3671.670,000 yuan。

Profit status of other subsidiaries of seabet betting platform Group in the first half of 2018 compiled by Fulcrum Finance

For the next performance,seabet betting platform Group is more confident,It is expected that the net profit in the first three quarters of this year should be 4.6.7 billion to 4.Between 700 million yuan。

What do you think?

END

Reporter丨Lin Nan Intern丨Chen Yuqing

Braiding丨Wu LingIntern丨Fu Chenchen

(Source: Fulcrum Finance)

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