On April 17, Suning.com (002024.SZ), China's leading O2O smart retailer, owned 
by Suning Holdings Group, released 2019 annual financial result. According to 
the report, the company achieved revenue of RMB 269.229 billion (US Dollars 
38.06 billion) in 2019; the net income attributed to shareholders was RMB 9.843 
billion and 2019 GMV reached to RMB 378.74 billion, increasing by 12.47% 
year-on-year.

In 2019, Suning.com acquired an 80% equity stake in Carrefour China, which 
meant the establishment of full-scenario strategic retail layout. As of 2019, 
Suning.com operated 8,216 stores of various types, and the number of Retail 
Cloud franchises in lower-tier market reached to 4,586. The online GMV also 
rose to RMB 238.753 billion and the GMV of open platforms achieved to RMB 
80.314 billion, growing by 37.14% year-on-year.

Furthermore, the strategy of full-category was productive for Suning.com in 
2019. General merchandise steadily increased by 115.44% year-on-year, rising to 
the second place of total revenue, following home appliance category. The 
full-category and omni-channel mode attracted more consumers based on more 
home-delivery business, which helped the company to improve consumers' shopping 
experience and strengthen consumers' activities and brand loyalty. 

It's worth mentioning that Carrefour China has steadily improved its operating 
efficiency. According to preview of Suning.com Q1 financial result, Carrefour 
China has achieved two consecutive quarterly profits and the home-delivery 
service has gained a prominent performance, accounting for 10% of total 
Carrefour sales in March. With the gradual transformation of Carrefour stores, 
Suning.com has built a comprehensive FMCG supply chain with the store-warehouse 
integration between Suning Convenience Stores and Carrefour. Through this mode, 
Suning.com can realize a quick replenishment for stores and for home-delivery, 
by full-scenario, real-time and low-cost.

In terms of logistics infrastructure, by the end of 2019, Suning Logistics has 
25,881 delivery outlets and the total area of warehousing and related support 
facilities for Suning Logistics was 12.1 million square meters. In 2019, Suning 
Logistics focused on the construction of advanced infrastructure network and 
the openness of warehouse delivery business to enhance socialized and 
customized supply chain system through advantages of low-cost, real-time and 
diverse economic delivery capabilities.

The formation and full integration of all-scenario retail are injecting new 
motivation into Suning's advance development. Under the huge pressure of 
pandemic, the innovative exploration of Suning.com in the full-scenarios 
operation has achieved outstanding results. Suning.com focused on user's 
socialization, community and content-oriented consumption features, constantly 
tried innovative business formats such as social e-commerce, home-delivery 
business, and live streaming to improve operation performance from 
multi-points, demonstrating extremely strong pressure-bearing capacity and 
synergy of multiple business segments.

Source:  Suning.com