- CEO
- Shuo Hu
- Full Time Employees
- 1,773
- Sector
- Retail trade
- Industry
- Department stores
- Address
- Youa Headquarters Office Building Changsha HU China 410001
- IPO Date
- Jul 21, 2009
- Business
- Hunan Friendship & Apollo Commercial Co., Ltd. (002277.SZ) operates as a leading regional retailer in China, primarily engaged in department store retailing and diversified commercial operations. Founded in June 2004 and headquartered in Changsha, Hunan province, the company manages a range of retail formats including department stores, outlets, shopping centers, convenience stores, specialty stores, and online shopping platforms; these outlets offer cosmetics, perfumes, household products, decorations, apparel, accessories, footwear, bags, children's clothing, toys, sports and leisure goods, stationery, teas, pharmaceuticals, household appliances, air conditioners, audio-video electronics, and communication devices. It primarily serves consumers in Hunan province, with Changsha as its core market, and extends into accommodation, catering, and logistics services.
In recent developments, the company advances plans to acquire 100% equity in Shenzhen Shangyangtong Technology Co., Ltd. (also referred to as Sanrise Tech) for approximately 1.6 billion yuan through share issuance and cash, alongside raising supporting funds, positioning Shangyangtong as a wholly-owned subsidiary pending regulatory approvals. It pursues strategic expansions such as a joint venture, Hunan Youhe Commercial Management Co., Ltd., with Hunan Bahe Jiu Sheng Commercial Management Co., Ltd. for 100 million yuan investment in commercial management, including a significant 80,012.63 square meter property lease in Changsha's Furong District; additionally, it signed a strategic cooperation framework with Changsha State Control Capital and Tsinghua University Electronic Institute to establish a semiconductor hub. The company also disclosed a 12.63% equity stake in Foshan Longshen Siasun Robot & Automation Co., Ltd., focused on industrial robotics and intelligent manufacturing, without direct operational involvement, and announced a private placement of shares in December 2024 priced at no less than 80% of the 20-day average prior to the reference date. These initiatives reflect a shift toward technology investments and asset acquisitions amid ongoing retail operations.