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

CTOnews.com, October 30 (Xinhua)-- Gome Retail issued a profit warning supplementary announcement, predicting that the operating loss attributable to the owner of the parent company for the whole of 2022 will increase by 35% to 65% compared with the same period last year.

As of September 30, 2022, Gome Retail overdue loans were about 3 billion yuan, according to the announcement. The Group is actively discussing with relevant banks and financial institutions to amend the terms of the loan or extend the term of the loan in order to reach a mutually agreed repayment arrangement.

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.

Gome previously said cumulative sales in the first three quarters of this year would fall by about 55% to 60% compared with the same period last year.

On September 26, Gome responded to issues of concern such as unpaid wages and cash flow crisis, saying that due to a series of internal and external factors, Gome has indeed encountered unprecedented difficulties and severe challenges. The process of enterprise transformation has been blocked, and the pressure on cash flow is obvious, although Gome is making the best efforts by continuously focusing on its main business and promoting strategic transformation. However, high operating costs are still the heaviest burden at present.

"Gome responded to wage arrears: the company has encountered unprecedented difficulties and severe challenges, and is currently operating normally."

"the cumulative sales revenue of Gome Retail in the first three quarters fell 55%, 60% compared with the same period last year, and will close inefficient stores and restructure the business segment."

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