Thursday, December 23, 2010

Gome profit of 480 million in the third quarter decreased by 24.1% qoq.

<P> Kong media reported, Gome (0493) Huang and management in the major shareholders signed a Memorandum of Understanding, announced results for first 9 months of this year, although profit growth of 49.2% to 14.4 billion yuan (RMB. The same below), .But in arguing bitterly about the 3rd quarter (July-September), the United States recorded a profit of only 480 million yuan, the chain fell 24.1% in Q2, but rose by 24.5% year on year. .As major shareholders and the management has calculated the impact of fighting, there are analysts that the United States the first 9 months results have been better than expected. .States United States against the market trend yesterday, rising 0.31%, to close at 3.19 yuan on turnover of 588 million yuan. .</ P> <P> country the United States that benefit from strong growth in consumer demand in China, along with network optimization and implementation of effective growth strategy, the company 9 months income of 37.27 billion yuan, up 18.6%; gross profit margin rose 0.8 percentage points .to 17.6%, the company refers to the gross margin is the difference because of the continuing implementation of product management, and standardized management of the contract due to suppliers. .9 months, the United States opened a net 61 stores, including the closure of 29 stores with low efficiency, and 90 new stores, the total increased to 1,255 stores. .In addition, the company said the stores through the transformation of network optimization and acceleration, so that store operating efficiency, the first 9 months of same-store sales increase of 21.5%. .</ P> <P> if the quarterly average, the United States performance drop in Q3 revenue fell 5.3% to 12.39 billion yuan, the year rose 13%; quarter profit fell 24.1% to 4.8 billion in annual .rose 24.5%. .Gome President Chen said that although the company results for the first 9 months of experience troubles, still has made remarkable achievements, the company's strategic plans are to promote and implement the smooth. .</ P> <P> quarter outlook continues to benefit from national policy </ P> <P> Chen added that large shareholders and management to reach a consensus, enabling companies to achieve the best interests of all shareholders. .The Board would like to see a stable environment to have evolved so that the management focus to return to business development and management, the practical realization of the 5-year plan for each specific step. .States United States last week signed a memorandum of understanding with Huang Guangyu, Huang agreed to appoint two nominees, including Zou Xiaochun and Huang Yanhong to the Board and is awaiting the convening of the extraordinary general meeting. .Company Outlook 4th quarter of this year, the industry's operating environment will continue to benefit from favorable national policy, and pick up the overall economic environment. .</ P> <P> Analyst: smooth operation of the shareholders of reconciliation to help </ P> <P> a BNP Paribas analysts said, the United States the first 9 months results better than expected, due to improved operating efficiency, increase in gross margin, .Although sales to rise 18.6% to 37.27 billion yuan, but not much during the shop, still recorded a profit increase of nearly 5 percent to 14.4 billion yuan, with satisfactory results. .He said that reconciliation between management and major shareholders, will help working on more smoothly, and that the country still lags behind U.S. rival Suning, Suning main growth came from increased sales, while the growth of the country from the United States and gross margin improvement. .</ P>.

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