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Yuyuan Tourist Mart

From Wikipedia, the free encyclopedia
Chinese retail company
Yuyuan Tourist Mart
Company typePublic
IndustryProperty management andRetailing
Founded1987
HeadquartersHuangpu District,,
China
Area served
Shanghai
Key people
  • Xu Xiaoliang(Chairman)
  • Méi Hongjian(Vice-chairman &President)
RevenueIncreaseCN¥58.15 billion (2023[1])
Increase CN¥2.02 billion (2023[1])
OwnerFosun International (26.45%)
Number of employees
14.870
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[2]
Shanghai Yuyuan Tourist Mart Co., Ltd.
Simplified Chinese上海豫园旅游商城股份有限公司
Traditional Chinese上海豫園旅遊商城股份有限公司
Transcriptions
Yuyuan Tourist Mart
Simplified Chinese豫园旅游商城
Traditional Chinese豫園旅遊商城
Transcriptions
Yuyuan Mart
Simplified Chinese豫园商城
Traditional Chinese豫園商城
Transcriptions

Shanghai Yuyuan Tourist Mart Co., Ltd. is the largestretailing conglomerate in China.[3][independent source needed]

The company has presence in a variety of business sectors such asdepartment stores and entertainmentshops inYuyuan Garden,Shanghai, thesales ofgold,jade and otherjewelry,food andbeverages, Chinesepharmaceutical products,souvenirs,antiques,arts andcrafts, the provision ofproperty development,property management,import andexporttrading.[4]

As of 19 November 2016, Yuyuan Tourist Mart is a constituent ofSSE 180 Index.

History

[edit]

Yuyuan Tourist Mart was formerlyYuyuan Shopping Mall, which was not acompany but anadministrativeorganization to manage theshops in Yuyuan Garden. In 1980s, some of the shops in there were integrated to form anenterprise. In 1987, Yuyuan Shopping Mall was approved to become the first commercialholding company in Shanghai.[citation needed] In 1988, itsshares were listed on theShanghai Stock Exchange and it was the first listed commercial holding company in China.[citation needed] In 1992, to unify the operations and management of the shopping mall,Shanghai Yuyuan Tourist Mart Co., Ltd. was established and listed on the Shanghai Stock Exchange to replace the old listed company.[citation needed]

In February 2024, the company announced a buyback of 200 million yuan. Shares are used to implement ESOP or to stimulate equity capital.[5]

Shareholders

[edit]

In 2002, a consortium ofFosun High Technology (90%) and its major shareholder Guangxin Technology (Chinese:广信科技 for 10%), acquired 20% of shares of Yuyuan Tourist Mart and became the largest shareholder.[6][7][8] Fosun High Technology's parent company becameFosun International some time later, as well as Fosun High Technology acquired the 10% stake from Guangxin Technology.

Gallery

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  • Gate to market by day
    Gate to market by day
  • The gate to the Yuyuan market at night
    The gate to the Yuyuan market at night
  • market at night
    market at night
  • Yuyuan at night
    Yuyuan at night
  • market at night
    market at night

See also

[edit]

References

[edit]
  1. ^ab"Shanghai Yuyuan Tourist Mart Group Co Ltd".Finantial Times. Archived fromthe original on 2024-03-25. Retrieved2024-03-25.
  2. ^"2015 Annual Report"(PDF).Yuyuan Tourist Mart (in Chinese). Shanghai Stock Exchange. 30 March 2016. Retrieved19 November 2016.
  3. ^Yuyuan Tourist Mart (600655, SH), China' s No.1 Retailer (single-unit) for 10 Consecutive YearsArchived September 7, 2008, at theWayback Machine Fosun
  4. ^Shanghai Yuyuan Tourist Mart Co., Ltd
  5. ^"SHANGHAI YUYUAN TOURIST MART (GROUP) CO., LTD".Markerscreener. 8 February 2024. Archived fromthe original on 2024-03-24. Retrieved2024-03-25.
  6. ^豫园改制三步曲 复星入主成关键 2008 jrj.com.cn (in Chinese)
  7. ^Shanghai Fosun Indl Invest Co acquires a minority stake in Shanghai Yuyuan Tourist Mart
  8. ^"2002 Annual Report"(PDF).Yuyuan Tourist Mart (in Chinese). Shanghai Stock Exchange. 14 March 2003. Retrieved19 November 2016.

External links

[edit]
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