WANGFUJING GROUP CO.,LTD.

Profile of Wangfujing Group

In 1955, Beijing Department Store which was the predecessor of Wangfujing Group was founded on Wangfujing Street. It has undertaken the mission of the national commerce of the People's Republic of China since it was born and then became the banner of the commerce of New China. With the development of the reform and opening up, Wangfujing Group keeps abreast of the times, masters the rule of industrial development and leads the industry. It was listed in 1994 and successfully entered the capital market. In 1996, it implemented the department store chain development strategy and successfully got its layout in whole China. In 2000 and 2013, it respectively carried out significant assets reorganization and acquisition with Dong‘an Group and PCD Stores Group, and realized the new span of the development scale of the enterprise. In 2014, Wangfujing Group firstly implemented transformation and change in the industry and developed towards multi-format and omni-channel direction, and caused a sensation in the industry. After being listed as one of the 20 large-size circulation enterprises which are specially supported by the Ministry of Commerce in 2004, Wangfujing Group was again listed as one of the 30 large-size retail enterprises which are specially fostered by the Ministry of Commerce in 2017.

Now Wangfujing Group has been operating 57 large-size chain retail stores in seven economic regions and 30 cities of China, including general shopping malls, shopping centers, outlets, supermarkets, convenient stores, etc., and owns more than 20-billion Yuan of total assets, more than 10-billion Yuan of net assets, more than 35-billion Yuan of annual sales and more than 1.2-billion Yuan of annual profit, about 100-thousand employees, more than 3.5-million square meters of the construction area for operation and 1.2-million square meters of own property.

After 62 years of development, now Wangfujing Group is one of the retail groups which have the largest scale, the most completed operation format and the best economic benefit in China. Wangfujing Group owns Wangfujing Department Store, Wangfujing Shopping Center, Wangfujing Outlet and other famous commercial brands. With the brand influence which is spread over the whole country, Wangfujing Group has become the most influential large-size retail enterprise in China.

In future, we will use our advantages, remain true to our original aspiration, and continuously advance towards our goal of being the international top commercial enterprise in China.