Antarctic Electricity Supplier Investment To Set Up A New Company To Expand Retail Sales And Enhance Competitiveness Of Domestic Products

On December 17th, according to the information of billion power, the Antarctic electricity supplier announced that it would jointly invest with related parties to establish "Shanghai excellent Jia Business Management Co., Ltd. (specifically approved by the commerce and Industry Bureau)" and related transactions.

The announcement shows that the Antarctic electricity supplier invested 40 million yuan in its own capital to invest in the establishment of a new company. Its registered capital is 100 million yuan, and its business scope includes commercial trade, commodity retail, brand management and management, corporate image planning, exhibition and exhibition services, business consulting and so on. The new company's investors include the shareholding platform of the core team of the Antarctic business line, the Shanghai Chao Lin Consulting Management Center (limited partnership) and the associated natural person Zhang Yuxiang and Zhang Yun.

The following are shareholders' contributions:

Antarctic business side said that the main purpose of this transaction is to develop and operate the new channel under the new company's offline retail project, develop its own flow entry, tap high-quality supply chain, and develop a new retail mode under the development line, so as to provide consumers with superior products.

It is understood that the Target Corp intends to cooperate with the quality supply chain, the difference between the retail sales price of the retail outlets and the consumer end membership fees as the main source of income, and does not assume the risk of inventory. At the same time, Target Corp operates on the brand authorized by the listed company.

It is understood that the third quarter report released by Antarctic electricity supplier in 2019 showed that Antarctic electricity supplier achieved a profit of 2 billion 647 million yuan in 1-9 months, an increase of 29.45% over the same period, while the net profit for the same period was 602 million yuan, an increase of 33.96% over the same period last year. The third quarter achieved operating income of 1 billion 13 million yuan, an increase of 24.89% over the same period, while the net profit for the same period was 204 million yuan, an increase of 34.92% over the same period last year.