Gome turned profitable in the first half of this year

Gome Electrical Appliances Holdings Limited (493.HK) announced today that it is expected that the listed company's profit attributable to the owners of its parent company in the first half of 2013 will turn profitable.

Gome said that according to the preliminary review of the latest management accounts by listed companies, the company’s sales revenue from listed companies increased during the first half of 2013 compared to the same period of last year; and the connected companies of the listed company and the company in 2012 After the completion of the business, the company’s connected persons will bear 40% of the loss of e-commerce. At the same time, it is expected that the profit attributable to the owners of the parent companies of listed companies will increase by more than 100% in the first quarter of 2013 compared with the first quarter of 2013.

In the first half of 2013, thanks to the gradual recovery of the Chinese home appliance industry, Gome spared no effort to expand sales and control costs, and continued to implement a multi-channel retailer strategy that integrates online and offline. The Group has formed an integrated organization and process through online and offline businesses. At the same time, all major financial data have been steadily rising through unified procurement and operations and full online and offline sharing.

The president of Gome, Wang Junzhou, said to home appliance consumption network that Gome Group has fully implemented the strategy of “combining online and offline multi-channel retailers” and has a deeper understanding of the future development direction; it has taken a solid step in the transformation process. It is full of confidence in the prospects.