GOME third-quarter earnings shortfalls suning 7%

Yesterday, GOME (00493.HK) low profile published the first three quarters of transcripts, this is the United States because of the suspension and cancellation of the event to capture the 2008 annual results illustrate once again after the cancelled performance. Journalists by comparing GOME figures found, GOME in the first three quarters of earnings shortfalls suning 70%, net profit is only half the SUNY.

Currently capture and Chen progress of negotiations between the rather delicate.

And shareholder Huang guangyu party is dissatisfied with the performance of different companies on the annual report of the half, Huang guangyu publicist no explicit evaluation of three quarterly results, only that the reconstituted Board will concern the operation of the United States and development strategies. In addition, the reporter noted, GOME official first announced the GOME group third quarter revenue and the total number of stores, which may be intended to emphasize its supremacy. However, GOME group combat advantage is lost.

Third-quarter net profit fell 24% link

According to the performance of the GOME post reports, the first three quarters of revenue compared to last year's $ 372.7 18.6%, net profit in the first three quarters as compared to last year's $ 14.4 49.22%.

By contrast with the medium-term performance figures found that Huang, Chen fights fiercely during the third quarter, GOME revenue of $ 124 million, net profit 4.78 billion.

And the second-quarter revenue 130.92 billion, compared to net profit 6.3 billion, two digital link occurs both dwindled net profit ratio declines significantly, and ring up 24%.

GOME Chairman Chen in the letter said, "the company before the 9-month performance was experienced, but still made impressive achievements, the company's strategic plan is to promote and implement successful.

The Board is very pleased to have a stable environment gradually formed, the management focus to come down to the business development and management ".

First announces results for the desire to counteract the SUNY

Reporter noted, GOME competitors suning as early as last month announced a third quarter results.

Its operating income before September $ 543 million, an increase of 30.61%, net profit 28.27 billion yuan, an increase of 43.58%. To calculate the performance of listed companies, the United States for the first three quarters of revenue shortfalls suning 70%, net profit of 50% only for SUNY.

GOME, seems to have taken into account to the outside world will contrast the two large household appliance retail giants.

GOME provided to media performance report for the first time released the GOME listed companies, large and medium-sized appliances, triple trading companies and the overall performance of the parent group. Plus the GOME listed companies other than the home appliance business, GOME Group revenues for the first three quarters of 583 billion yuan, up to the total number 1255 stores. However, there is no overall guomeibing net profit figures published.

If you have compete across the GOME group, GOME group SUNY business income higher than $ 4 billion, SUNY stores more than suning. 20

However, prior to the announcement of the launch, said third-quarter suning shop number 131, reached its historical quarter shop number new high; its fourth-quarter number also shop will maintain a high level; at the same time, suning 2010 its full-year net profit compared with the growth of 30%-45%. Yet completely quell dueling GOME will face losing their leading position.

Huang guangyu party that will focus on business operations in the United States

With two months straight GOME performance lagged suning, Huang guangyu party this no direct evaluation of GOME management make of this performance report.

Last night, Huang guangyu publicist responded to the call, the founding shareholders took note of the three quarterly bulletin of GOME management status.

GOME future operating and development strategy, will be reorganized by the Management Board of one of the main topics of concern.

It is well known, and Chen, Bain Capital and the negotiations, the United States has been through an increase in the quota of the Board of Directors, wants to capture the specified Zou xiaochun and huangyan Rainbow into United States Board of Directors.

However, restructuring the Board finally also need shareholders vote.

Huang guangyu said, founding shareholder participation in Board of Directors, and Board of Directors, management, in consultation with a positive attitude to solve current and future issues that may arise.

Founding shareholders hope GOME adhere to proper strategic development directions, maintain industry leadership, once again opened the GOME and competitive gaps and build stronger, more profitable GOME.

However, Huang guangyu and Chen, Bain Capital's negotiations currently in progress, when can get rid of all the United States does not determine the nature, and operation of regression or unknown.

Yesterday, GOME stock price experienced upward trend of low rebound after the walk, sink 3.19/unit, a day before up 0.31%.