04 April 2013
Retailers Yonghui and CP Lotus report differing full year results, but both highlight the importance of greater centralisation in order to grow profits in 2013. Yonghui continues rapid growth
Yonghui reports a strong performance, with total revenue growing 39.2% to CNY24.5 bn (US$3.9 billion)in 2012. Profit grew 8% to CNY502 m (US$80.1 million).
In 2012 the retailer opened 47 new stores...