Carrey Stores In Chongqing Are Closing Their Tenancies.

Chongqing department store announced in October 28th that the property leasing contract of the new century department store, 1 to 7 (department stores), will expire on October 31, 2014. Due to the complex structure of the property rights and the large number of owners, the company failed to reach agreement on the renewal of the lease. The company decided to suspend the business of Carrey from October 27, 2014.

In the new century, the department stores are located in the commercial gold zone of Shapingba District, Chongqing. Although its operating income is less than 4% of the company, its profit share is more than 10%, which is one of the most profitable stores in Chongqing department store.

The company said the suspension would have some impact on the company's performance.

The announcement shows that

Operating area of 23 thousand square meters, in 2013 achieved operating income of 924 million 309 thousand and 800 yuan, the total profit of 124 million 224 thousand yuan, accounting for 3.06% of the company's revenue in the same period, the total profit of 13.02%; in 2014, 1-6 months to achieve operating income 508 million 842 thousand and 300 yuan, the total profit of 54 million 671 thousand and 300 yuan, accounting for 3.36% of the company's revenue in the same period, the total profit 10.74%.

The announcement said the company will lease a 32 thousand and 700 square meter commercial house near the Kerry store, which is used for the Carrey business and is scheduled to open in May 2015.

Besides,

The same day announced that the company will invest 150 million yuan, accounting for 50% of the shares, the establishment of small loan companies, will invest 20 million yuan, accounting for 40% of the registered capital, and the Chongqing agricultural and livestock products exchange and Chongqing business investment company jointly launched the establishment of commercial factoring Co., Ltd.

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