Yesterday evening, the domestic smart retail company Suning Tesco released the third quarter report of 2018. According to the report, from January to September, Suning Tesco’s revenue was 127.97 billion yuan, a year-on-year increase of 31.15%; the sales volume of goods reached 234.883 billion yuan, a year-on-year increase of 41.91%. In the first three quarters, Suning’s net profit at home was 6.127 billion yuan, a year-on-year increase of 812.11%. As of September 30, the number of registered members of the company’s retail system was 382 million.
On the online part, the scale of Suning Tesco merchandise transactions from January to September was 137.954 billion yuan, a year-on-year increase of 70.89%. In addition to the platform to continuously optimize the shopping experience, it also benefited from Suning Tesco in the third quarter to carry out the “818 fever shopping festival”, multiple shopping days and other major promotion activities. This move made the Suning Tesco APP MAU increase by 62.29% year-on-year during the 818 promotion period, and the mobile terminal orders accounted for 93.5% of the total online.
In the offline part, Suning continued to improve in the store business, forming a 3C home life and mother covering Suning Tesco Plaza, Suning Tesco Store and retail cloud franchise store, Suning store, and focusing on vertical category management. Infant, supermarket and other business product groups. As of September 30, it has 6292 self-operated stores, 104 Dia Tiantian franchise stores, and 1453 Suning Tesco retail cloud franchise stores.
It is worth mentioning that, two months ago, Suning Tesco’s first half of 2018 financial report showed that Suning Tesco’s net profit attributable to shareholders of listed companies was 6.003 billion yuan, an increase of 1951.41% compared with the same period in 2017. The reason for its net profit surge of 19 times year-on-year was mainly because Suning had previously sold some Alibaba shares.
However, when we put aside the layout of Suning Tesco’s online and offline parts, we will find that service quality has become another core vocabulary. In order to enhance the user experience, in the first three quarters, Suning has invested a lot of energy in logistics, finance, IT and other aspects.
Logistics level: From January to September, Suning Logistics’ socialized operating income (excluding Tiantian Express) increased by 73.17% year-on-year. As of the end of September, Suning Logistics and Tiantian Express have a total storage area of 7.99 million square meters and a total of 25,894 express delivery outlets.
Financial level: From January to September, the cumulative transaction volume of supply chain finance in the Suning ecosystem increased by 43.63% year-on-year.
IT level: From January to September, Suning Tesco’s R&D expenses reached 1.497 billion yuan, a year-on-year increase of 63.15%, mainly used to increase professional reserves and R&D investment. At present, the number of Suning IT teams is nearly 10,000.
In the middle of this year, Zhang Jindong, chairman of Suning Tesco Group, once said: “At present, Suning has entered a stage of qualitative change. High-speed growth is the new normal of Suning’s future development and will continue.” The results of the first three quarters are also confirmed. This is the case.