Gome's first decline in annual net profit
After
Huang Guangyu
Age
GOME Electrical Appliances
Latest released the first annual report, this report has loss
States United States
In the past
Home Appliances
Channels have the dice. Annual report, Gome, 2008
Sell
Income of 45.889 billion yuan, up 8.03%, and net profit of 1.048 billion yuan, compared with 2007 decreased by 7 percentage points, is the first time since its 2004 listing of decline. Its net profit is less than rival
Suning
Electrical half.
Number of Gome stores in 2008 reached 859, Bi Suning Electrical Appliance stores 47 more. The past, the number of Gome stores with absolute advantage, and its sales revenue has been higher than the opponent, but lost after the 2008 sale of GOME advantage. GOME's sales revenue in 2008 a total of 45.889 billion yuan, while Suning Appliance sales 49.897 billion yuan in the same year, more than 4 billion yuan, Gome. Profit, Gome in 2008 net profit 1.048 billion yuan, Suning has reached 2.17 billion yuan, more than twice as Gome.
Gome announced sales and net profits in such figures, and not to its more than 300 non-performance of listed companies to include, in particular as the large and medium sized shop in the tower shop better efficiency of these single store. If you add this part of the business, "than the Bulletin number in a substantial upgrade." For non-listed company's performance, He Yang Qing, vice president of Gome, said to the annual report is based on sales figures are not disclosed relevant.
Gome Huang Guangyu times
seen repeated generous takeover. 2006 to 5.268 billion Hong Kong dollar acquisition of rival Wing-lok, creating a chain of Chinese home appliance first acquisition; a year later, Gome premium of 20% of the total 3.6 billion cash acquisition of the program will use medium and large appliances in the bag. In the settlement with the supplier's payment terms and product promotions, Gome has an absolute right to speak. But Gome's Huang Guangyu hegemony era in the post-dilution.
Gome said in its annual report, 2008 sales by the global economic crisis and the impact of the Sichuan earthquake, etc., also said "the history of corporate development group suffered the most severe test, taken a series of effective response measures." As we all know, last November on suspicion of Huang Guangyu economic criminal case has been accepted public security agencies in the investigation, although Chen Xiao, Gome has been at the helm, but Gome Huang Guangyu incident caused knock-evident.
Previously as leading home appliance chain Gome in commodity prices, procurement and so has an absolute advantage in the funding is adequate, but decreased the level of funding in 2008, Gome. Report shows that, as of the end of 2008, Gome accounts receivable, prepayments and other than the same period in 2007 declined 37%, and its holdings of cash and cash equivalents 3,051,000,000 yuan, with 6.27 billion yuan in 2007 compared to the same period , reduced by 50% or more. At the same time, commissioned in 2008 by a loan of 1.5 billion yuan in 2007 jumped to 3.6 billion.
Gome side said that to adapt to the new market environment, the country will enter the optimization of the United States the transition period from a large-scale expansion to the fine management of the transition from growth to the shop to upgrade the quality of single-store operators transition from promotion to to profit before the main transition. Gome's focus this year will run mainly to profit from the sale of main products by expanding the proportion of underwriting customized to enhance comprehensive margin. Will also strictly control the rental costs, by reducing rents and close weak stores to save overall costs.
Sized just opened shop in the tower, is the transition plan be adjusted Gome's first floor. Shop in the tower increase the kitchen,
Digital
Products experience area, convenient for customers shopping by product performance. Gome to reinstall after the store's annual sales in the mission tower is 20 billion, which will account for Gome's total sales in 2008 nearly 1 / 20. He said Yang Qing, the next will be in Beijing, Shanghai and some cities in the development of Tajikistan 5-6 to shop for the model of the "new living museum."
Annual report for the rumor about the resumption of trading after the matter of Gome, the country refused to reveal the United States.
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