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Suning.com, a large retailer in China, released its performance bulletin on Tuesday night. Last year, the company realized net profit of 4 billion 210 million yuan, an increase of 497.66% compared to the same period last year, partly due to the large investment income from Alibaba (BABA.N) last year. The company's smart retail model has come from the concept to the stage of implementation and rapid development.
It was reported that the company achieved 187 billion 910 million yuan in revenue last year, up 26.47% from the same year, and 0.45 yuan per share. Without considering the investment gains of the Alibaba, the net profit of Suning was 925 million yuan in 2017, 2.37 times higher than that of the net profit deducted from non operating income in the previous year.
The company's press release said that this is the best performance year since suning.com launched the Internet transformation in 2009, which means suning.com has entered the rapid growth of the scale of revenue and the fundamentals of net profit steadily improving.
The retail giant, which has been fully distributed ahead of time, has a total volume of 126 billion 696 million yuan (including tax) last year, up 57.37% from the same year. However, the quality of sunning's store business continues to improve through offline stores, Internet and data construction. Its sales volume in mainland China increased by 4.17% over the same period in 2017.

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