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Investment analysis report of Shanghai Bailian Group Co., Ltd. (600631)
Industrial leadership during the process of integration and model changing
Author: Yu Shukun  
 
Investment key
 
1. Industrial analysis:
 
 Retail business in China is at the period of rapidly growing, and industrial earning power has large increasing space.
 
Policy guiding is protective development retail, so, it not only needs to avoid cut throat competition and blind expansion, but also to increase strength of retail enterprises to form a large scale enterprise with certain international competition, which can foresee that merging matters in industry will increase greatly.
 
When doing extension development taking merging as base, enterprise needs to adjust attention to endogeny increase capacity, which takes improving the gross profit and net profit capacity as main.



 
 
 
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