Qi Zhang revenue and cost the country U.S. highlights increasing competition in the industry - the c

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Qi Zhang revenue and cost the country U.S. highlights increasing competition in the industry - the c

Are up about 41%; net profit of 683 million yuan over the same period the previous year by more than 9000 million

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11 20 on the evening, Gome (0493.HK) announced its results for the first three quarters. Report shows that in January to September this year, Gome was 17.786 billion yuan sales income, 41.7% more than last year, net profit of 6.83 billion yuan, a year earlier earn 9,000 million, or 15%. But Meanwhile, the National US-year cost of sales also soared by 41%.
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Significant increase year on year revenue and cost more than 4 percent

Report shows that while the income of the first three quarters of this year, Gome achieved 17.786 billion yuan, 12.551 billion yuan over the same period last year increased by 5.235 billion yuan, an increase of 4 percent more; gross profit margin also rose from last year's 1.116 billion from this year's 16.67 million, up 551 million yuan, or 49%;

But in cost of sales, this year the first three quarters of the cost of 16.12 billion yuan, 11.435 billion yuan over the same period last year was up 4.685 billion yuan, or 41%. In a variety of costs, marketing costs and increase management costs biggest. Which marketing costs of 824 million yuan from the same period last year rose to 1.433 billion yuan, up 609 million yuan, or 74 percent, management costs increased from last year's 175 million to 320 million yuan, up 145 million, or 83 percent;

Substantial increase in various fees

while other income rose from last year's 570 million to 818 million yuan this year, up 248 million yuan, or 44%; Therefore, net profits are still higher than the same period last year, from last year The 593 million increase since the first three quarters of the 683 million yuan, up 090 million yuan, or 15%.

Merrill Lynch, said the merger would enable the country with the United States benefit from the Yongle

The first three quarters of the country the United States announced quarterly report has not yet merged with China Paradise, the new country the United States personnel and their Wing-lok also determined to adjust the original store. Today, the combined GOME and Paradise will be the strategic co-operation summit held in Beijing, then combined the United States will announce a new national development strategy, the new executives will also be a collective appearance.

Gome and Yongle

for the merger, Merrill Lynch issued a research report said that Gome in the long run will benefit from the merger with China Paradise will help improve the overall synergy, but the integration process will be difficult than expected The bank said the country must be a restructuring of the United States in the future to make a one-time expenses, profits or be short-term impact. Merrill Lynch also noted that country-than-expected U.S. third quarter, same store sales growth 1.9%, while sales costs, continued to face intense competition in the Mainland also increase the volatility of its shares.

Gome closed 6.35 yuan yesterday, down 0.08 yuan, down 1.24%.

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