GOME

GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively

Retrieved on: 
Thursday, September 1, 2022
Cloud, Commerce, Ministry, Technology, Advertising, GOME, Huawei, Philosophy, Exhibition, Professional, HK, City, Internet, Sale, Omnichannel, No, APP, Ministry of Commerce (Myanmar), Social responsibility, HKEX, Alibaba Cloud, Company, History, Net interest margin, Pediatric Home Service, Hong Kong Stock Exchange, Home, Acquisition, Growth, Marketing, Electronics, Efficiency, Retail, Oil, Online shopping, Group, Tencent

The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completed

Key Points: 
  • The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completed
    In 1H 2022, GOME continues to promote the implementation of the "Home .
  • The Group's operating expenses were approximately RMB4,839 million, which decreased by 3.10% as compared to the corresponding period last year.
  • During the Reporting Period, the Group's cash flows generated from operating activities had significant improvement over the corresponding period last year, achieving a positive net inflow of RMB55 million.
  • The effect of the transformation has been shown in the 1H 2022, the Group's consolidated gross profit was RMB2.4 billion, and the consolidated gross profit margin was approximately 19.81%, increased by 5.5 percentage points as compared to the corresponding period last year.

Reorganize Business Segments, Inject High-Quality Assets, Gome Retail Prepare Operations & Strategies Adjustments

Retrieved on: 
Monday, August 22, 2022
GOME, Exhibition, Time, Sale, Omnichannel, Tehran Stock Exchange, No, Household, HKEX, Company, Home, Stock exchange, Net interest margin, Group, Hong Kong Stock Exchange, Acquisition, Marketing, Electronics, Efficiency, Security (finance), Retail

Focusing on the core business, Creating a new profit model

Key Points: 
  • Focusing on the core business, Creating a new profit model
    Household appliances segment is a traditional area of strength of GOME.
  • In this business segment adjustment, the Company will focus on its core business, with the vertical model that concentrates on retail sales of household appliances and consumer electronic products as its main business.
  • In order to ensure the implementation of its business and organized strategies, GOME is also promoting enterprise structure transformation and management upgrades.
  • Under the strategy of "Home.Living", GOME strengthens its technology empowerment and focuses on the retail of home appliances and consumer electronic products as its main business.

GOME achieved strong earnings growth with business scale and quality upgrade in 2021

Retrieved on: 
Thursday, March 31, 2022
GMV, Ecology, Group, Marketing, Wine, Transport, Growth, Internet, GOME, Home, Big data, HKEX, Stock, MAU, Software, Industry, Technology, Shoe, The Home, Knowledge, APP, Binary relation, Ecosystem, Policy, Beauty, Solution, Efficiency, Food, Hong Kong Stock Exchange, Renewable energy, Retail, Video game, Online shopping

Firstly, it has initially built a grid-based and digital economic entity with nationwide coverage which is constantly expanding and booming.

Key Points: 
  • Firstly, it has initially built a grid-based and digital economic entity with nationwide coverage which is constantly expanding and booming.
  • Against the backdrop of creating a new development dynamic of "Dual Circulation", the national economy has transformed into high-quality development.
  • GOME closely followed the national strategy and policy direction, actively promoted and realized the successful transformation of its strategy, and achieved leap-forward development of its business.
  • Living" strategy, which laid a foundation and opened a new prospect for GOME to comprehensively upgrade and achieve high quality development.

GOME Retail Enters into Various Agreements with GOME Fun and GOME Holding to Accelerates the Strategic Transformation to an All-round Retail Eco-system Sharing Platform and Strive to Lead the "Home Living" Industry

Retrieved on: 
Friday, November 26, 2021
Internet, Agreement, Sale, Technology, HKEX, Company, Hong Kong Stock Exchange, Exercise, Solution, Gateway Logistics Services, Subscription business model, City, Bond, Good, Marketing, GOME, Efficiency, Option, Big data, Betta Home Living, Growth, Security (finance), Renting, Real estate, Online gambling, Retail, Online shopping

On logistics services, GOME Appliance has entered into 2022 Logistics Services Agreement with GOME Fun and GOME Holding to renew the previous logistics services agreement.

Key Points: 
  • On logistics services, GOME Appliance has entered into 2022 Logistics Services Agreement with GOME Fun and GOME Holding to renew the previous logistics services agreement.
  • During the Contract Period, GOME Appliance will provide warehousing services (including storage of general merchandise) to GOME Fun upon request.
  • Meanwhile, GOME Appliance has entered into Second 2022 Warehouse Services Agreement with GOME Fun and GOME Holding to renew the previous warehouse services agreement.
  • On general services, GOME Appliance, GOME Fun and GOME Holding have entered into a new First 2022 Services Agreement and a new Second 2022 Services Agreement.

GOME Retail Enters into a Framework Agreement with GOME Management to Provide Management Services

Retrieved on: 
Monday, October 11, 2021
Company, Efficiency, Designer, Framework agreement, Method, Betta Home Living, Wine, Net interest margin, RMB, Growth, Industry, Target, HKEX, Economic and Technology Co-operation Agreement, Common, Policy, Framework, Consultant, Exercise, Socialization, Vii, GOME, Technology, Life insurance, Marketing

HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").

Key Points: 
  • HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").
  • Based on the above calculation, the maximum aggregate amount of management fees for three years is up to RMB 2.8 billion.
  • In the second phase of "Home Living" Strategy, the Group focuses on the retail and home services industries.
  • In addition, the Framework Agreement is expected to greatly improve the Group's ability to obtain customer traffic at a high efficiency with low cost.

GOME Proactively Responds to National Strategies with Expansion of Business Quality and Quantity in 1H 2021

Retrieved on: 
Friday, August 27, 2021
Industry, Company, Ecosystem, Friends, Housekeeping, TikTok, RADIUS, Betta Home Living, Growth, Group, City, APP, App, Business, Policy, Efficiency, Empowerment, ByteDance, Commerce, JD, SKU, Marketing, WAYE, Sport, Tmall, Philosophy, GOME, Ministry, FUN, PDD, Carbon, Shenzhen Investment, Supai, Arizona, Acceleration, Environment, Solution, Ministry of Commerce (Myanmar), IQIYI, Culture, Yoy, COVID-19, Technology, Video game, Retail, Online shopping

As of 30 June 2021, the Company operated a total of 3,895 offline stores, including 2,556 county stores.

Key Points: 
  • As of 30 June 2021, the Company operated a total of 3,895 offline stores, including 2,556 county stores.
  • During the Reporting Period, GOME created more than 180,000 new online communities and commanded a total of nearly 1 million online communities cumulatively.
  • Subsequently, on 24 and 25 July 2021, GOME co-hosted the "2021 Super Music Festival" with iQiyi.
  • In the future, GOME will continue to persist in implementing national strategies, facilitate domestic demand expansion and consumer upgrading in China.

GOME Strengthened Development in the Second Phase of its "Home . Living" Strategy

Retrieved on: 
Thursday, April 1, 2021
GOME, Mindset

In 2020, GOME completed the first phase of strategic development under its "Home .

Key Points: 
  • In 2020, GOME completed the first phase of strategic development under its "Home .
  • Living" strategy, and started in-depth development in a more refined manner in the second phase.
  • Capitalizing on the favorable development trend, GOME strengthened its efforts in entertaining-oriented marketing model by launching the "FUN" APP in the beginning of 2021.
  • In 2021, we presented the 'New GOME' with new mindset and ushered in a new stage with new development pattern.

Pinduoduo Subscribes to US$200 million in GOME Convertible Bonds in Strategic Partnership

Retrieved on: 
Sunday, April 19, 2020
GOME

The CBs are convertible at HK$1.215 per share, which works out to approximately 1.28 billion GOME shares or approximately 5.6% on a fully diluted basis.

Key Points: 
  • The CBs are convertible at HK$1.215 per share, which works out to approximately 1.28 billion GOME shares or approximately 5.6% on a fully diluted basis.
  • This strategic partnership is a win-win-win, said Mr. David Liu, Vice President of Strategy at PDD.
  • The partnership also strengthens the e-commerce platforms position in household appliances and electronics while accelerating its push into consumer-led manufacturing.
  • Pinduoduo is an innovative and fast growing technology platform that provides buyers with value-for-money merchandise and a fun and interactive shopping experience.

IXINA Accesses to China by Opening Stores in Beijing and Shanghai

Retrieved on: 
Tuesday, May 28, 2019
Home Goods, Retail, Marketing, Merchandising, Retail, GOME, GOME Electrical Appliances

On May 29, IXINA opened stores in both Beijing and Shanghai, marking the European kitchen retailers official access to China.

Key Points: 
  • On May 29, IXINA opened stores in both Beijing and Shanghai, marking the European kitchen retailers official access to China.
  • View the full release here: https://www.businesswire.com/news/home/20190528005248/en/
    Brought to China by GOME Retail, IXINA plans to open 6 more stores in 2019 incl.
  • New businesses such as Comfortable Home, IXINA and Kitchen Space are introduced, and self-operated home decoration business will soon be launched.
  • Founded in 1987, GOME Retail (SEHK code HK00493) is a leading retail chain operator in China that offers consumers quality home appliances, decoration, furniture and services.