Suning Three Quarterly Inventory Turnover To Double Capacity To Enhance Performance - Suning

Published three quarterly show, the first three quarters this year a net profit of 940 million yuan

, up 105.04 percent, earnings per share of 0.65 yuan. Three quarters reported, as the company's further expansion of network size chains and single stores to improve the quality, scale and gradually embodiment of the enhanced supply chain integration capabilities and further improve the efficiency of management, is expected to total 2007 net profit attributable to parent company over the previous year the owner year increase of 70% -100%.

Chain network to expand

2007 7-9 months, Suning Appliance Chain to further accelerate the expansion of the network, new entrants to grade 3 or more cities, to open 42 chain stores, replacement chain 2; end of the reporting period, the company has 106 places in the country level and above cities chains 453, chain area of 1,801,000 square meters. As of reporting period, the company signed 19 franchise stores, there were 114 to join; 1-9 months of this year, the franchise companies to sell 4.008 billion yuan business.

Company said the first three quarters, net of the franchise sales, Suning Appliance simple weighted unit area of main business revenue of 14,204.91 yuan, comparable stores (defined as January 1, 2006 before the opening) sales up 14.90%, the company store operations continued to show a steady increase in the quality of the state.

Chain networks with the growing size and increased the quality of single-store operation, the company's sales and service chain network capacity to further improve and strengthen the reporting period to achieve total revenue growth of 51.68 percent over the same period the previous year, of which main revenue growth of 53.31% over the same period.

As companies upgrade procurement management, supply chain efficiency and further improve the reporting period, gross profit company's main business continued steadily, and main business gross profit margin was 10.81%, 0.59% higher than same period last year ; With the enhancement of management efficiency, cost effective control rate, which fell 1.87%. Thus the total profits realized and the owner of the net profit attributable to parent company the previous year increased by 103.44%, respectively, and 105.04%.

Not increase the level of fees

First three quarters of the company cost of sales occurred 2,151,744,800 yuan, up 31.70 percent over the same period the previous year, management fees occurred 347.1727 million yuan, up 17.96 percent over the same period the previous year, mainly due to: the company to open stores with the increase further expand the company premises, the corresponding personnel costs, rental fees, advertising and promotion expenses and renovation costs and other expenses increase accordingly;

But as the embodiment of company scale, meticulous management continued to improve, further enhance the efficiency of management, the company gradually improve the quality of single-store business, so marketing costs during the period, administrative expenses below the growth rate of revenue growth range.

It is noteworthy that the financial cost the company more than the first three quarters fell 69.07% over the same period last year. The main reason is in the process of settlement with the supplier, to take notes more settled, and the resulting bank to accept deposits increased interest margin also increased.

Ability to improve inventory turnover

Company stock than at the end of the reporting period increased by 70.75%. Su Ning said, mainly because, given the Golden Week blowout sales and most of the factory "11" during the leave of the factors, in order to ensure sales, at the end of August the company began to actively seek sources to the supplier, the reporting period the company as "10 A "stocking inventories 5,967,003,900 yuan, up 70.75 percent compared with the beginning, but last year the inventory was 4,167,863,800 yuan, representing growth of 106.60 percent in early 2006, this is because the characteristics of consumer appliances holidays formed.

As "11" golden weeks the company and put into proper stocking full of resources and effective marketing organization and management, this year's "11" golden Zhou Suning Electrical Appliance sales growth, store growth over the previous year were higher than this year's average. "11" golden weeks after the end of the company return to normal levels of inventories; average, the company's inventory turnover and a half year to maintain a roughly equal level. Overall, the company's inventory turnover management capacity must improve in 2006.

by: gaga

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