Guangzhou Grandbuy Co., Ltd.
广百股份
002187
Shenzhen Stock Exchange
Company Profile
The company is the largest department store retail enterprise in Guangzhou and the leading enterprise of department store chain in Guangdong Province. According to the "2023 China Chain Top 100" released by China Chain Operation Association, the company ranks 40th.
Full description
The company's core business focuses on department store retail, operating through department stores, shopping centers, supermarkets, specialty shops, and online sales. Its operational models primarily include three approaches:1）Joint Distribution: Suppliers provide goods and set up counters in designated company areas, with joint sales efforts between company staff and suppliers. Goods remain with suppliers until sale, with no inventory risks borne by the company. Revenue is recognized based on agreed profit-sharing ratios after sales. 2） Direct Procurement: The company directly purchases goods from suppliers, managing inventory and sales processes independently. Revenue is recognized upon product sales and receipt of payment documents, while the company assumes risks including product depreciation and operational uncertainties. 3） Property Leasing: The company leases or subleases portions of its owned or rented commercial properties to third-party operators, generating profits through rental income.