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Gome Huang Guangyu net profit as expected the matter to rest - States United States 08 earnings rep by na b
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Gome Huang Guangyu net profit as expected the matter to rest - States United States 08 earnings rep by NA B
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| Article Posted: 02/22/2011 |
| Article Views: 84 |
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Gome Huang Guangyu net profit as expected the matter to rest - States United States 08 earnings rep |
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Business,Business News,Business Opportunities
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4 27 Gome In Hong Kong, announced its 2008 financial report: The annual net profit of 1.048 billion yuan, 1.127 billion yuan more than in 2007 fell 7%.
But the market position more "relief." An anonymous industry sources, the country the United States the annual report in line with expectations, a number of financial indicators are relatively normal. Skyworth compared to 2005, "Huang Hongsheng incident" to the end of August was postponed after the release of the report, the National US-released earnings this year, the time has not been delayed, it also marks "
Huang Guangyu Event "to bring the operating oscillation Gome end.
"States United States have come out of the most difficult period"
Although Gome earnings in 2008 Sell Income and net income were lower than
Suning Electric [14.09-0.35%], but the States United States a comprehensive gross margin growth achieved three consecutive years: from 2007 15.64% to 16.94% in 2008.
Gome President Chen Xiao, President and Chief, said: "Despite the business environment remains severe, but America has come out of the country's most difficult period, and maintain a healthy solid foundation. The face of market environment changes, the country began to implement the 2009 US strategic transformation , will focus on network optimization focus adjustment and improve profitability. "
State Finance reported that the United States: States United States the main reason for drop in net profit was due to non-accrual of one-time operation. If you do not consider the non-business reasons, the activities of its annual operating profit of 19.44 billion yuan, 1.803 billion yuan in 2007 has increased.
According to the disclosure of financial statements, the National United States last year, equity investment losses in the nearly 2.5 billion. States United States in January 2008 and in February twice repurchase shares when the stock price of 4.5 Hong Kong dollars to buy about buyback cost around 22 billion, but fell rapidly last year, Gome, Gome make up the current book losses 2 billion yuan.
The same time last year the country spent huge sums of money invested U.S.
Triple Trading Company [6.241.79%] amid a slump, the country lost 450 million yuan the United States included, adding the two countries the United States last year, equity investment loss of nearly 2.5 billion. At the same time, there are one after another to the redemption of 35 billion yuan of convertible bonds to wait for solutions.
Maximum pressure: cash flow Yesterday (April 28), Suning CEO Sun Weimin, acknowledged in an interview: China 2009
Home Appliances Retail market is not optimistic, the market situation and not good compared to 2008.
Currently the largest country in terms of pressure from the U.S. cash flow: the end of 2008, the National Cash and cash equivalents held by the United States is 30 billion, compared with 6.2 billion in 2007.
"Gome half the cash on hand dropped." Analysts pointed out: the annual reports from the vendor sales revenue in the U.S. share of the country, from 4.34% in 2007 rose to 5.49% in 2008. And receivables turnover number of days from the reduction of 124 days in 2007 for a week, to 117 days.
Worth mentioning are: the end of last year, notes payable and bank borrowings of Gome had reached 8.657 billion yuan, while accounts payable and notes payable even as high as 12.9 billion yuan.
Guer country beauty, said: Given the continued difficult market environment, the company's future development still needs working capital, the national board of directors decided the United States is not a final dividend this year.
For when the restoration of Gome, financial statements and did not answer this question. According to informed sources: the current Ernst & Young on the state audit findings related to the United States has not yet announced, after the publication of state audit in accordance with the Stock Exchange of relevant U.S. regulations, choose the right time to resume trading. I am a professional writer from Components Electronic suppliers, which contains a great deal of information about electric sweepers , whisk broom, welcome to visit!
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