Yino's Jiangzhou Branch had annual sales of nearly 500 million, contributing around 40 million in profit. An 8% net profit margin was quite good in the current market environment!
Moreover, its retail operations were still growing every year. For the upcoming year, Liu Haoran's annual business goal was a 15% increase in scale.
He also joked, "This morning during a meeting, our boss told us the group has too much cash on its books and that we should open more stores and spend more money!"
This was his way of showcasing the company's strength.
Peng Yu offered a few dry laughs, though he was inwardly disdainful. 'How much cash could a retail company possibly have on its books?'
Wansheng Group collected tens of billions in rent each year.
In truth, that wasn't a fair comparison. Yino Group's assets were almost entirely net, with no debt.
Wansheng Group, on the other hand, had high revenue but also massive expenses and staggering debt.
