On April 22, Renrenle Chain Commercial Group Co., Ltd. (hereinafter referred to as "Renrenle") resumed trading from the opening of the market, and the stock abbreviation was changed from "Renrenle" to "*ST Renle". It opened at 6.88 yuan, down 4.97%, with a total market value of about 3.027 billion yuan.
On April 19, Renrenle released its 2023 annual report, in which the company achieved operating income of 2.853 billion yuan, a year-on-year decrease of 28.15%, and the net profit attributable to the parent company was a loss of 498 million yuan, compared with a loss of 507 million yuan in the same period last year.
According to the 2023 annual report, the audited net assets of Renren Ledu are about -387 million yuan, and according to the stock listing rules of the Shenzhen Stock Exchange, the company's shares will be subject to a delisting risk warning by the Shenzhen Stock Exchange.
As of December 31, 2023, the company's business covers Guangdong, Hunan, Xi'an, Guangxi, Fujian, Chengdu, Chongqing, Tianjin and other provinces, municipalities and autonomous regions, and has opened 91 physical stores. During the reporting period, the company closed 22 stores and did not open new stores
According to public information, Renrenle, founded in 1996, was once known as the "Big Three of Guangdong Supermarkets" along with China Resources Vanguard and Xinyijia Supermarket. In 2010, Renrenle was listed on the Shenzhen Stock Exchange, with revenue exceeding 10 billion yuan that year, and the number of stores nationwide exceeded 100. But the good times did not last long, and in 2012, Renrenle suffered a loss for the first time.
In 2014 and 2015, Renrenle lost 461 million yuan and 475 million yuan respectively, and was warned of the risk of delisting in 2016. In 2017 and 2018, there were net profit losses for two consecutive years, and Renrenle "wore a star and hat" for the second time (referring to the risk of the stock being warned of delisting). Since then, although it has temporarily escaped the delisting crisis by selling assets and other means, Renrenle's business situation has not been fundamentally improved.