GOME RETAIL HOLDINGS LIMITED


Associated tags: Exhibition, Home, GOME

Locations: CHINA

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: 
星期四, 九月 1, 2022

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: 
星期一, 八月 22, 2022

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: 
星期四, 三月 31, 2022

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.