huuugecasinofreespins| Dongbai Group: Net profit attributable to the parent company in the first quarter of 2024 increased by 17.55% year-on-year

2024年04月27日

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Dongbai Group: net profit increased by 17% in the first quarter of 2024 compared with the same period last year.Huuugecasinofreespins.55% Securities Times News, on the evening of April 26, 2024, Dongbai Group (600693) released its first quarter performance report in 2024. During the reporting period, the company achieved a net profit of 37.6708 million yuan, an increase of 17.55% over the same period last year.

huuugecasinofreespins| Dongbai Group: Net profit attributable to the parent company in the first quarter of 2024 increased by 17.55% year-on-year

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Dongbai Group: the net profit of homing in the first quarter of 2024 increased by 17.55% compared with the same period last year. On the evening of April 26, 2024, Dongbai Group (600693) released its first-quarter results report of 2024. During the reporting period, the company achieved a net profit of 37.6708 million yuan, an increase of 17.55% over the same period last year, continuing the growth trend of 2023. The Ministry of Commerce has identified 2024 as the "consumption promotion year", adhere to the two-wheel drive of "policies and activities", strengthen the implementation of macro policies, cultivate new hot spots and new trends in consumption, and promote the sustained recovery of consumption. The national economy got off to a good start in the first quarter, with gross domestic product (GDP) growing by 5.35% over the same period last year. According to the National Bureau of Statistics, retail sales of consumer goods totaled 12.03 trillion yuan in the first quarter, up 4.7% from the same period last year. Dongbai Group relies on continuous innovation and adjustment to provide comfort.HuuugecasinofreespinsThe scene experience; introduce the first store, attract passenger flow; give full play to the location advantages, link with the surrounding tourism resources, the main business income of commercial retail is 430 million yuan, an increase of 5.65% over the same period last year, and the gross profit margin is 54.63%, an increase of 6.56%. In fact, the domestic retail market has already entered the stock era, superimposed the impact of e-commerce platform on offline enterprises, diversified shopping scene demand, put forward higher requirements for the development of commercial retail industry, the traditional commercial adjustment and upgrading has become an inevitable trend. Dongbai Group has deeply explored consumer demand and developed a targeted multi-channel precision marketing model. In 2023, it has adjusted an area of about 60,000 square meters and introduced 269 new brands, including 95 first-entry brands and 15 flagship stores / concept stores. Effectively improve customer conversion rate and repurchase rate. The importance of superior geographical location to the sales of shopping malls is self-evident. Dongbai Center and Lanzhou Center, the core commercial retail stores of Dongbai Group, are adjacent to the city's popular tourist attractions, among which, Dongbai Center is adjacent to ten famous historical and cultural streets in China, and the Dongjie entrance has a solid guarantee of passenger flow in the business circle. Lanzhou Center is adjacent to the Gansu Provincial Museum, one of the earliest comprehensive topographic museums in China, with a large number of visitors. In addition, Fuqing Dongbaili Bridge Ancient Street, a cultural and business travel project of Dongbai Group, is a popular destination for citizens' daily leisure and tourists' holidays, with more than 1 million passengers during the Spring Festival in 2024, and its business revenue in the first quarter increased by 79.28% over the same period last year. At present, the May Day holiday is approaching, the popularity of tourism is heating up, and the market consumption potential continues to be released. According to the "2024 May Day Tourism trend Insight report" released by Ctrip recently, domestic long-distance travel orders accounted for 56%, hotel bookings in the county market increased by 68% compared with the same period last year, and ticket orders in scenic spots increased by 151%. Based on this, the Shanghai Securities Research News pointed out that the May Day travel fever continues to be definite, the emergence of new cultural and tourism destinations and the increase in the supply of tourism products are expected to stimulate the release of tourism demand throughout the year, and the tourism market will be further repaired. With the popularity of tourism, the holiday effect will be conducive to the growth of Dongbai Group's commercial retail business income. The release of the new "National Nine articles" policy to promote the high-quality development of listed enterprises recently, the new "National Nine articles" has been issued with a great deal of weight, referring to strengthening the supervision of cash dividends of listed companies and increasing the attention of listed companies to investor returns, which provides a strong support for stable economic growth. Dongbai Group attaches great importance to the reasonable return to investors and actively practices the landing of related work. According to the company's annual report, the company plans to distribute a cash dividend of 43.4923 million yuan (including tax) to all shareholders in 2022 and 34.7938 million yuan (including tax) to all shareholders. In addition, the public offering REITs market ushered in a favorable situation. The new "National Nine articles" mentioned promoting the high-quality development of the real estate investment trust (REITs) market, studying and formulating regulations on the management of real estate investment trusts, implementing and improving tax policies such as real estate investment trusts, and attaching great importance to the construction of the REITs market system. Dongbai Group has always paid close attention to the trends in this field, not only actively completing a number of projects with the Blackstone Group of the United States and the listed REITs Hong Kong leading Fund, which ranks first in Asia by market capitalization, to obtain funds for rolling development of new projects, but also actively studying the cooperation mode of development funds with large funds at home and abroad and social capital. Dongbai Group said that in 2024, the company will seize policy opportunities, adhere to innovative thinking, continue to adjust iterations, expand commercial light asset projects, improve asset management system and explore asset securitization opportunities such as public offering of REITs. At the same time, we will actively promote the work related to issuing shares to specific objects to achieve the high-quality development of commercial retail and warehousing logistics. (Hu Min) proofread: Liao Shengchao