Reported 8 months ago
Far Eastern Department Store held a shareholders meeting with Chairman Xu Xudong presiding, announcing a historical high in performance. Looking ahead, Xu mentioned the current number of stores is not enough and expressed the need to continue opening more. The company distributed a cash dividend of 1.6 yuan per share during the meeting and maintained a high cash dividend yield. With the retail market recovering post-pandemic, the group adjusted its operational model, achieving strong operational momentum. Furthermore, Xu outlined plans to utilize AI for digital convenience and customization services for consumers, with two new stores opening this year and ongoing expansion efforts in various locations.
Source: YAHOO