On June 4th, Chengdu Red Flag Chain Co., Ltd. (Red Flag Chain, 002697) stated on the interactive platform that the company will use the area in front of the store to make a “land stall economy” with red flag characteristics under appropriate circumstances.

According to the company’s official website, the Hongqi chain was founded on June 22, 2000, and has now developed into a “cloud platform big data + commodity + community service + finance” Internet + modern technology chain enterprise is a listed company in China’s A-share market convenience chain supermarket. At present, self-service cash register, 24-hour unmanned sales service, face recognition, palm vein payment, IMP integrated marketing platform, App, micro mall, etc. have been launched, and have cooperated with online companies such as Meituan and Hungry to achieve offline Online integration development.

Prior to April 26, Hongqi Chain disclosed its 2020 quarterly report. The company achieved operating income of 2.345 billion yuan in the first three months of this year, an increase of 23.96% year-on-year; the net profit attributable to shareholders of listed companies was 143 million yuan, a substantial increase of 80.7% year-on-year. In the first quarter of 2020, “a good start”. For the growth achieved in the first quarter, the company previously stated that during the reporting period, Hongqi Chain further optimized and perfected the Hongqi Cloud big data platform to improve financial management and information management; during the epidemic, on the basis of good epidemic prevention and control, All the company’s stores do not close, keep selling goods, and do not increase prices. They are responsible for ensuring the supply of enterprises, and the business performance has been steadily improved.

Earlier on March 27, Hongqi Chain disclosed the 2019 annual report. The company achieved revenue of 7.823 billion yuan in 2019, an increase of 8.35% over the same period of the previous year; Net profit was 516 million yuan, an increase of 59.97% over the same period last year; basic earnings per share was 0.38 yuan. As of December 31, 2019, the company had a total of 3070 stores. During the reporting period, the company opened 309 new stores and closed 56 stores.