On May 6, 2026, Supply and Marketing Da Ji Group Co., Ltd. (Supply and Marketing Da Ji) announced that it will sell all the equity of its subsidiary Changchun Meilifang Minsheng Shopping Center Co., Ltd. (Changchun Meilifang) for 1 yuan (Chinese Renminbi). The company reported a net loss attributable to shareholders of listed companies of approximately 136 million yuan in the first quarter of this year, a significant decrease of 4008.52% year-on-year.
In a public announcement titled “Notice on the Public Listing for Transfer of All Equity of Subsidiary Changchun Meilifang Minsheng Shopping Center Co., Ltd.”, Supply and Marketing Da Ji stated that the board of directors agreed with 7 votes in favor, 0 votes against, and 0 votes abstained to publicly list the transfer of all equity of Changchun Meilifang on the Shanghai United Property Exchange with a minimum listing price of 1 yuan.
According to the announcement, as of March 31, after auditing, Changchun Meilifang had “total liabilities of -731.39 million yuan, net assets of -80.98 million yuan, and a net profit of -6.20 million yuan.”
The announcement mentioned that the reason for selling all the equity of Changchun Meilifang was to “effectively optimize the company’s assets, liabilities, and business structure, concentrate efforts and resources on the main business, adjust and optimize the industrial layout, and reduce the company’s debt.”
The financial report released by Supply and Marketing Da Ji on April 29, 2026, showed that the operating income was 361,438,873.15 yuan, a decrease of 18.53% year-on-year. The net profit attributable to shareholders of listed companies was -136,469,151.10 yuan, a decrease of 4,008.52% year-on-year.
In the annual report for 2025, Supply and Marketing Da Ji reported an operating income of approximately 1.885 billion yuan, a net loss attributable to shareholders of listed companies of 1.671 billion yuan, an increase from the previous year’s loss of 1.323 billion yuan. After deducting non-recurring gains and losses, the net loss was 913 million yuan, compared to 776 million yuan in the previous year. The loss amount increased compared to the same period last year.
Public data shows that Supply and Marketing Da Ji Group Co., Ltd. was formerly known as Xi’an Minsheng Group Co., Ltd., established in 1959, and listed on the Shenzhen Stock Exchange in 1994. In February 2017, it was renamed to its current name. The company’s core business includes department stores, supermarket chains, commercial real estate, and supply chain innovation.
These recent developments indicate a challenging financial situation for Supply and Marketing Da Ji Group, as it continues to face losses and a significant decline in net profit in the first quarter of this year.