Yuyuan Tourist Mart

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Yuyuan Tourist Mart
public
Traded as SSE: 600655
Industry Property management and Retailing
Founded 1987
Headquarters Huangpu District, Shanghai, China
Area served
Shnaghai
Key people
  • Xu Xiaoliang (Chairman)
  • Méi Hongjian (Vice-chairman & President)
Revenue Decrease CN¥17.551 billion (2015)
Decrease CN¥899 million (2015)
Profit Decrease CN¥807 million (2015)
Total assets Increase CN¥17.156 billion (2015)
Total equity Increase CN¥7.951 billion (2015)
Owner Fosun International (26.45%)
Website www.yuyuantm.com.cn
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1]
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
Yuyuan Tourist Mart
Simplified Chinese 豫园旅游商城
Traditional Chinese 豫園旅遊商城
Yuyuan Mart
Simplified Chinese 豫园商城
Traditional Chinese 豫園商城

Shanghai Yuyuan Tourist Mart Co., Ltd. is the largest retailing conglomerate in China.[2][third-party source needed]

The company has presence in a variety of business sectors such as department stores and entertainment shops in Yuyuan Garden, Shanghai, the sales of gold, jade and other jewelry, food and beverages, Chinese pharmaceutical products, souvenirs, antiques, arts and crafts, the provision of property development, property management, import and export trading.[3]

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

History[edit]

Yuyuan Tourist Mart was formerly Yuyuan Shopping Mall, which was not a company but an administrative organization to manage the shops in Yuyuan Garden. In 1980s, some of the shops in there were integrated to form an enterprise. In 1987, Yuyuan Shopping Mall was approved to become the first commercial holding company in Shanghai.[citation needed] In 1988, its shares were listed on the Shanghai 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]

Shareholders[edit]

In 2002, a consortium of Fosun High Technology (90%) and its major shareholder Guangxin Technology (Chinese: 廣信科技 for 10%), acquired 20% of shares of Yuyuan Tourist Mart and became the largest shareholder.[4][5][6] Fosun High Technology's parent company became Fosun International some time later, as well as Fosun High Technology acquired the 10% stake from Guangxin Technology.

Gallery[edit]

See also[edit]

References[edit]

  1. ^ "2015 Annual Report" (PDF). Yuyuan Tourist Mart (in Chinese). Shanghai Stock Exchange. 30 March 2016. Retrieved 19 November 2016. 
  2. ^ Yuyuan Tourist Mart (600655, SH), China' s No.1 Retailer (single-unit) for 10 Consecutive Years Archived September 7, 2008, at the Wayback Machine. Fosun
  3. ^ Shanghai Yuyuan Tourist Mart Co.,Ltd
  4. ^ 豫园改制三步曲 复星入主成关键 2008 jrj.com.cn (in Chinese)
  5. ^ Shanghai Fosun Indl Invest Co acquires a minority stake in Shanghai Yuyuan Tourist Mart
  6. ^ "2002 Annual Report" (PDF). Yuyuan Tourist Mart (in Chinese). Shanghai Stock Exchange. 14 March 2003. Retrieved 19 November 2016. 

External links[edit]