Gome Announces 2008 First Quarter Results Of Listed Companies - Gome, Gome Chen Xiao - Hc Network

Rising sales margins improved significantly the efficiency of

China's largest appliance and consumer electronics retail chain Gome Electrical Appliances Holdings Limited (stock code: HK0493, hereinafter referred to as "Gome") announced that as of March 31, 2008 unaudited three months ended its performance of listed companies report. Gome's first-quarter indicators continue to improve the management, business operations have shown good momentum of development.

Performance report, Gome integrated contribution of the first quarter, and net profit before interest and tax margin was higher than the level of last year, profitability continued to increase steadily. Data show that in 2008 some of the first quarter of Gome's operating income of listed companies reached about 12.176 billion yuan (excluding sales of medium and large electrical appliances), the same period the previous year growth of 20.7%; consolidated gross margin of about 1.87 billion yuan , up 39.55 percent over the same period the previous year; operating profit of about 532 million yuan, up 61.21 percent over the same period the previous year; company equity holders of the share of net profit of about 513 million yuan, up 203.09 percent over the same period the previous year, net of convertible Bonds assessment of the fair value of derivatives and exchange gains and losses and other non-operating gains and losses, the company net profit attributable to equity holders of the approximately 568 million yuan, more than 321 million yuan a year earlier increase of 77.15%.

GOME adhere to customer-centric, to differentiate their operation as the main principle of business strategy, so that the first quarter of 2008, the operating efficiency was enhanced and sustained the recovery track since 2007: the reporting period, comparable store The sales growth was 3.17%; annualized sales per square meter rose to 17,983 yuan, up 1.02% over the same period the previous year; consolidated gross profit margin (including gross margin and other income rates) and operating profit margin than the same period last year can be raised of 15.36% and 4.37%.

Gome president Chen Xiao to improve the operating efficiency indicators attributed to the following three factors:

First, through investment period, the company began to harvest due to the rapid expansion of stores over the past two years, formed the rival network and unmatched scale advantages;

Second, management implemented in 2008, customer-centric, product differentiation business strategy management as important guidelines to enhance the company's core competencies to further enhance the operating efficiency;

Third, from the perspective of competition in the industry, the company achieved in the industry consolidation leading position in the competitive model from a pure price war operations into product differentiation, increase customer satisfaction and loyalty.

President Chen Xiao said: "We have seen differences in management strategies to lead the new strategy brought results, will continue to implement this strategy, I believe that in the next three quarters to adjust business strategy due to the effect brought will become more apparent. "

President Chen Xiao said, Gome in China to consolidate its electrical and consumer electronics retail industry leader. In addition, Gome will greatly expand communications business, plans to acquire independent professional communications shop and chain retailers simultaneously, resulting in a chain of retail industry professionals in the communications clear lead, was fully prepared to meet the 3G era. Gome in the next three quarters will continue to improve financial performance, enhance profitability, continue to maintain high growth.

by: gaga

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