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gome electrical appliances (GMELF) Snapshot

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gome electrical appliances (GMELF) Details

GOME Electrical Appliances Holding Limited, together with its subsidiaries, is engaged in the retailing of home appliances and consumer electronic products in the People’s Republic of China. The company is also involved in the provision of logistics and business management services; property holding activities; and online retailing of electrical appliances and consumer electronic products. It operates a network of 1,075 stores in 260 cities. The company was founded in 1987 and is headquartered in Central, Hong Kong.

Founded in 1987

gome electrical appliances (GMELF) Top Compensated Officers

Total Annual Compensation: CNY1.2M
Senior Vice President, Executive Director and...
Total Annual Compensation: CNY1.9M
Compensation as of Fiscal Year 2013.

gome electrical appliances (GMELF) Key Developments

GOME Announces Earnings Results for the First Half of 2014

GOME announced earnings results for the first half of 2014. For the period, the company realized RMB 13.35 billion in operations revenue, up 8.21% year on year, while its net profit for the period reached RMB 268 million, up 252.63% from a year earlier. The huge increase was mainly due to good sales, a steady improvement to the consolidated gross profit margin and the decline in expense ratio.

GOME Electrical Appliances Holding Limited Provides Earnings Guidance for the Six-Month Period Ended 30 June 2014

The board of directors of GOME Electrical Appliances Holding Limited announced for the six-month period ended 30 June 2014 the Group's operational capability continued to improve and multiple business KPIs have increased as a result of the low-cost high-efficient supply chain. Such increases will be fully reflected in the financial results of the Group. Based on the preliminary review of the latest management accounts of the Group, (1) revenue of the Group during the Reporting Period increased as compared with the corresponding period last year, with revenue from comparable stores expected to grow by more than 7%, during the Reporting Period, consolidated gross profit margin of the Group is expected to exceed 18% and due to revenue growth, a steady improvement to the consolidated gross profit margin, net profit from the ordinary course of business of the Group is expected to increase by more than 80%, a significant increase as compared with the corresponding period last year, while net profit margin is expected to exceed 2%. In addition, with the inclusion of an extraordinary income of approximately RMB 100 million recorded during the Reporting Period, the profit attributable to owners of the parent company of the Group is expected to increase significantly by more than 110% as compared with the corresponding period last year.

GOME Electrical Appliances Holding Limited Approves Final Dividend for the Year Ended December 31, 2013

GOME Electrical Appliances Holding Limited approved final dividend for the year ended December 31, 2013 of 1.3 Hong Kong cents per ordinary share at the annual general meeting held on June 10, 2014.


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