As per the financial statement of Guangzhou Friendship Store, they will rent a site of about 30 thousand square meters from Grandview Plaza, which is at the center of the city’s commercial and trading zone, to set up their new outlet. The preparation is now on going.

According to Friendship Store, though under the increasingly keen competition, the company has achieved a main sales figure as RMB 580 million, net profit RMB 26,260 thousand, respectively increased 21.82% and 26.6% on an annual basis. The directorate of the company divulged that, despite the fierce competition of retail trade in the first half-year, the macroeconomy went fine, and consuming back to normal; simultaneously, through expanding and adjusting, the company has upgraded its commodities while holding on it positioning for competitive products.