Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on October 21, Gome Retail announced on the Hong Kong Stock Exchange this evening that according to a preliminary review of the latest group management accounts, cumulative sales revenue in the first three quarters of this year will fall by about 55% to 60% compared with the same period last year.

Gome said it expected the Group's full-year results for 2022 to be significantly lower than last year. The management of the company will take reducing cost and increasing efficiency as the main strategic goal, strive to improve the company's management capacity by closing inefficient stores, reorganizing the business sector, and optimizing the organizational structure, and use scientific and technological means to help the enterprise's digital transformation, the whole process to enhance consumer service experience.

CTOnews.com learned that Gome was founded on January 1, 1987, initially started with the sale of domestic electric fans, televisions and radios, followed by the introduction of home appliances imported from Japan began to become well-known, after the 1990s self-made home appliances, listed on the Hong Kong Stock Exchange in 2004, with Gome, Dazhong, Yongle, including the three major retail brands, launched the really happy App in January 2021.

According to the annual results report of Gome Retail in 2021, True Happy's revenue last year totaled 1.355 billion yuan, an increase of 26.95 percent over the same period last year; the total overall profit was-930 million yuan, and the loss increased by 55.07 percent over the same period last year. The total assets were 5.295 billion yuan, an increase of 420.52% over the same period last year. The total debt was-15.445 billion yuan, an increase of 50.87% over the same period last year.

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