Sun Art Retail’s rapid expansion could be a double-edged sword.
Sun Art’s revenue in the first half of 2016 rose by 4.4% year over year to CNY 52.9 billion, primarily owing to network expansion, including a 4.2% increase in sales of goods and an 11.9% growth in rental income. Gross profit saw a 5.5% increase to CNY 12.1 billion, with gross margin improving to 22.8% from 22.5%. However, owing to higher operating costs and administrative expenses as a percentage of revenue resulting from opening new stores and developing e-commerce platforms, operating profit ...Sun Art Retail Group is an investment holding company, engaged in the operation of hypermarkets in the People's Republic of China (PRC), under two banners of Auchan and RT-Mart. As of Dec 31 2014, Co. had a total of 372 hypermarket complexes in China, with a total gross floor area of approximately 10,277,525 sq. m.
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