China’s largest supermarket chain Lianhua Supermarket Holdings Co. today (Wednesday) posted a 32% rise in 2004 net profit on new store openings.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Lianhua recorded a net profit of 215.5m yuan (US$26.04m), up from 163.6m yuan a year earlier, while revenue increased to 10.85bn yuan from 9.28bn yuan, Dow Jones reported. .


In 2004, Lianhua added 620 outlets, bringing its total to 3,123. Of the total, 49 are hypermarkets, 1,340 supermarkets and 1,734 convenience stores.


Lianhua said it will accelerate new store openings in cities this year by means of direct operation, franchising, and mergers and acquisitions. It is maintaining its target of opening about 600 stores.


The company said it sees “immense” development opportunities, but it also faces “enormous” challenges as the retail industry consolidates.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now