Business Intelligence on Retailing, Franchising, and Consumerism in China

Changchun Ouya Group Will Open Four New Shopping Centers

Changchun-based retailer Ouya Group plans to open 12 to 14 new outlets, including four shopping centers and eight to ten chain supermarkets, by the end of 2016.

The company has no plan for store closures in the coming months.

Ouya Group published its annual report for 2015, stating that the company's operating revenue was CNY12.905 billion, a year-on-year increase of 11.81%. Its total profit was CNY726 million, a year-on-year increase of 21.33%; and its net profit attributable to shareholders was CNY324 million, a year-on-year increase of 8.57%.

The company revealed that they exceeded the operating target set at the beginning of 2015 and realized a record-high performance.

Ouya Group's department stores realized revenue of CNY7.497 billion, a year-on-year increase of 7.72%; its large comprehensive stores realized revenue of CNY3.146 billion, a year-on-year increase of 20.36; its chain supermarkets realized revenue of CNY1.551 billion, a year-on-year increase of 1.11%; and its other businesses realized revenue of CNY56 million, a year-on-year decrease of 36.46%. At the same time, the group's self-developed online sales platform achieved operating revenue of CNY9.06 million and the total trading value on the platform was CNY 51.69 million.

During the reporting period, Ouya Group opened nine new stores, including three shopping centers and six chain supermarkets. By the end of the reporting period, the group had 80 stores in China, including 26 department stores and shopping centers, 42 chain supermarkets, and ten other operating units.

Image Credit: Dmitry Kaminsky

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