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

CTOnews.com October 29 news, SUNING released the third quarter of 2023 results report. According to the financial report, SUNING's revenue in the first three quarters of 2023 was 48.657 billion yuan, down 12.39 percent from the same period last year; the net loss was 2.6 billion yuan, and the net loss after deducting the net loss was 3.079 billion yuan.

SUNING recorded 133 million yuan in government subsidies in the first three quarters of 2023, of which 52.79 million yuan was included in the third quarter.

SUNING's revenue in the third quarter of 2023 was 14.616 billion yuan, down 20.25% from the same period last year; the net loss was 678 million yuan, and the net loss after deducting it was 1.11 billion yuan.

As of September 30, a total of 37 "SUNING Yijia" stores have been landed and promoted; 722 new stores have been opened in the third quarter, with a total of 1584 in the first three quarters.

As of September 30, Suning has a total of 10692 retail cloud franchise stores; at present, it has opened more than 1100 home integration stores, more than 200 quick repair stores and more than 110kitchen stores, and the total retail cloud channel sales increased by 28.12% in the first three quarters compared with the same period last year.

CTOnews.com noted that SUNING's share of sales of 3C household appliances stores specializing in household appliances continued to increase in the third quarter, accounting for 20.3%. On the whole, the company's core household appliances 3C gross profit margin level increased steadily.

SUNING said that with the promotion and implementation of a series of measures, the company's core home appliances 3C business profits continued to improve, core home appliances 3C business operations achieved profits in the third quarter.

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