Lates News

On the morning of May 21st, it was reported that on the evening of May 20th, the parent company of CR Vanguard, Gaoxin Retail, released its 2025 fiscal year performance report up to March 31st: revenue of 71.552 billion yuan and a net profit of 386 million yuan, turning losses into profits compared to the previous fiscal year. During the reporting period, the number of stores reached 505, covering 207 cities. In the increasingly competitive retail industry and complex and changing market environment, Gaoxin Retail achieved a continuous growth in same-store sales, increasing from a 0.3% increase in the first half of the fiscal year to a 0.6% increase for the whole year. The online B2C business performed strongly with the self-owned app "CR Vanguard Youxian" increasing its market share, and the introduction of new immediate retail channels driving a 6% growth in online revenue. (Sina Technology)