M & Effective Income Country By The United States In The First Half 2 Times Suppliers

, GOME Electrical Appliances Holding Ltd

, GOME Electrical Appliances Holding Ltd. (0493.HK, Gome) in Hong Kong announced a "merger of State John" after the first performance of mid-year report: Gome achieved a sales income of 21.157 billion yuan, up by 73.88%; gross profit 1.942 billion yuan, by 68%; the profit attributable to shareholders of 395 million yuan, increasing 14.5%. It is noteworthy that, due to costs and other factors, net profit growth of Gome not increase sales grow large, and integrated to enhance the number of large margin from suppliers made their "contribution"??? States United States electrical appliances in the first half of the revenue from suppliers about 3 times last year.

This year, Gome chain network to continue to develop and further optimize the States United States Yongle business network layout overlap area stores. Center Daily News revealed that the first half of Gome chain of retail network continued to expand network coverage areas, including Beijing, Shanghai, Tianjin, Chongqing, Guangzhou and other cities in the country 168. Period, new entrants to the city of 8, added 67 stores, with a total business area of 2,450,000 square meters, up 10.5% over the previous year. The reporting period, the number of GOME stores to 654, but sales per unit area decreased by 11.8% over the same period. "Sales per square meter fell mainly because of intensive coverage and stores relatively immature stores accounted for the same period last year, has increased." Gome president Chen Xiao said, "With the company stores the implementation of refined management measures in recent two years, sales per square meter, the trend of sharp decline has eased, and the present trend continues to improve. "said Chen Xiao, Gome chain together with the parent company of professional, including retail network will expand and improve its market share will continue to upgrade, and strive to reach in the next five years, more than 20%.

Appear in Gome and Yongle merger, most cities in the country's market share leading position, due to reasons of scale, procurement costs decline, coupled with the storage and distribution and administrative costs on conservation, through full integration, the company's competitive advantage and combined effect will continue to appear.

Center Daily News also disclosed that the acquisition of Yongle Gome receivable arising from the payment of large and medium electrical appliances to be 38.358 million yuan with the large and medium Paradise only after the outcome of arbitration back.

Gome spokesman Ho Ching Yang told reporters that the first half of Gome's business strategy and the optimization and adjustment, slowing the pace of opening new stores, will improve management focus shifted to the profitability of stores side. Particularly worth mentioning is that the company in May through to the market placement of shares and issue of convertible bonds, raising total funds of about 5.96 billion yuan to improve the company's capital and the relationship with suppliers.

Reporter found that the period Gome's other income is mainly from suppliers, accounting for 81% of the total other income. Optimized in the implementation of the policy contract, Gome income received from the supplier a percentage of sales was 4.7%, 2.7% higher than same period last year increased significantly. Center Daily News revealed that the first half of the revenue from suppliers Gome 9.85 billion, representing an increase of 197% over the same period last year, only 332 million yuan over the same period in 2006.

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M & Effective Income Country By The United States In The First Half 2 Times Suppliers

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