WUSHANG GROUP(000501)2022-11-17 14:46Group 1: Company Overview - Wushang Group operates shopping centers and supermarkets, with a total property area of approximately 701,290 square meters across over 10 shopping centers located in key urban areas of Wuhan, Xiangyang, Shiyan, Xiantao, and Huangshi [2] - The company is implementing a new development strategy to clearly position different business formats, including Wushang MALL and Wushang Supermarket [2] Group 2: Impact of COVID-19 - The pandemic has affected overall sales, prompting the company to adapt by developing various online marketing tools and enhancing its mobile marketing system [3] - The company is focusing on B2B and B2C e-commerce projects, expanding its operational scope through initiatives like the Wushang online shopping global experience store [3] Group 3: Ongoing Projects - The Wushang Dream Era project is set to open within the year, with major construction completed and some brands already in the process of fitting out [3] - The Nanchang Wushang MALL project aims to introduce numerous international luxury brands and is expected to become a new commercial landmark in Nanchang, although its opening may be delayed until next year due to pandemic uncertainties [3] Group 4: Financing and Future Plans - Current financing methods include bank loans, ultra-short-term financing bonds, and medium-term notes, with future financing strategies to be determined based on operational needs and market conditions [3] - The company plans to seek 1-2 new shopping center projects and open 5-6 new supermarket locations as part of its growth strategy [3]