Beijing Jingkelong Co. Ltd. Class H
0.03
EUR
0.00
(0.00%)
ISIN
CNE100000247
Return %
Stock
S&P 500
1Y
17.65
14.20
3Y
-56.20
81.12
5Y
-76.19
68.34
Capital Structure
CNY
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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•
in mil. unless spec.Semi-annual Revenue
CNY
•
in mil. unless spec.Semi-annual Earnings Per Share
CNY
•
in mil. unless spec.Semi-annual Dividends Per Share
CNY
•
in mil. unless spec.Company Description
- CEO
- Hong Wang
- Full Time Employees
- 3,564
- Sector
- Retail trade
- Industry
- Food retail
- Address
- Block No. 45 Beijing BE China
- IPO Date
- Sep 25, 2006
- Website
- jkl.com.cn
- Similar Companies
- Business
- Beijing Jingkelong Company Limited engages in the retail and wholesale distribution of daily consumer products through its three main segments of retailing, wholesaling, and others. The company operates 100 retail outlets including one department store, eight hypermarkets, 38 supermarkets, and 53 convenience stores with a total net operating area of approximately 142,838 square meters, primarily across 16 districts and counties in Beijing and the Langfang area of Hebei province in the People's Republic of China; its retail offerings encompass food products, non-staple food, daily necessities, drinks and cigarettes, beverages, hardware products, household appliances, plastic packaging products, and other commodities sold via community shopping centers, hypermarkets, supermarkets, and convenience stores, while its wholesale activities through Beijing Chaopi Trading Company Limited and subsidiaries cover general merchandise, consumer sanitary products, packaged food, storage, knitting textiles, clothing, chemicals, cosmetics, import and export of goods and technology, as well as third-party logistics services including warehousing, distribution, and inventory management with self-owned normal temperature and fresh produce logistics centers; other services include hotel services, school training, general freight, and domestic conference and exhibition services. Founded in 1994 and headquartered at Block No. 45, Xinyuan Street, Chaoyang District, Beijing, China, the company, formerly known as Beijing Jingkelong Supermarket Chain Company Limited, maintains five holding subsidiaries including Beijing Chaopi Trading Company Limited, Beijing Xinyang Tongli Commercial Facilities Company Limited, and Beijing Jingkelong (Langfang) Company Limited, and operates under formats such as directly-operated and franchise stores targeting everyday consumers with over 2.5 million members. In recent developments, the company entered into very substantial acquisition and connected transactions in May 2024 involving the 2024 Lease Agreements and Supplemental Lease Agreements with controlling shareholder Beijing Chaofu State-owned Assets Administration Company Limited and its subsidiaries Hongchao Weiye and Jin Chaoyang for continued leasing of key retail and wholesale properties in Chaoyang District, Beijing, with five-year terms for most properties commencing July 2024, revised rentals aligned to independent valuations and market levels totaling hundreds of millions of RMB tax inclusive, and rent-free periods, alongside board changes in January 2024 with Mr. Yang Wensheng appointed executive director replacing Mr. Li Shenlin and elimination of the supervisory committee effective July 2024; its 2024 annual report highlights ongoing store optimizations including closure of underperforming outlets, product structure enhancements focusing on high-cost-performance fresh items like vegetables, fruits, meat and eggs via on-site production in "Neighborhood Kitchen" formats, membership growth to nearly 500,000 new members, elderly-friendly supermarket pilots, digital upgrades in logistics and finance, and wholesale expansions into e-commerce, group purchases, discount stores, central kitchens, and self-brands such as Yinya, Mr. Miao, Zhaoxi Kitchen, and Shengxinyi amid challenges from rising rents and market competition.