Post by hi joiney

Will be announced acquisition of Paradise Electronics (0503.HK) right after the “new country the United States,” the business structure. And on November 21, Gome announced a third quarter earnings. Filing exhibits the 1st three quarters, the business profits 560 million yuan, up 45.eight% product sales reached 17.786 billion yuan in 2005, compared with twelve.551 billion yuan more than the very same period. Interpretation of the nation but the United States third quarter earnings report showed that the simple profitability of the country the United States is becoming eroded, the third quarter 2006 operating margin of 4.7% from a year earlier to 3.7%, resulting in the third quarter, operating revenue boost of 4.one% above the exact same period (despite the fact that revenues elevated 32.8%). States United States in the third quarter product sales rose 32%, decrease than the 42% boost in the 1st half. Citigroup mentioned the first three quarters of Gome only 1% earnings development, revenue growth slowed down to preserve the stock a “hold” rating. Merrill Lynch also believes that the 1st three quarters of operating profit Gome rose only 1.5%, an boost of less than expected a drop in essential indicators, such as single-retailer product sales fell one.9%, sales / square meter fell 34%. Merrill Lynch also mentioned the nation weaker than expected U.S. third quarter, single-store revenue rose 1.9%, although sales fees. Initial 3 quarters of the price of product sales, integrated overhead and administrative expenses jumped from 823.8 million yuan to 1.43 billion yuan. Merrill Lynch believes that the United States and China Paradise integration may possibly be far more challenging than expected, so the bank of its rating from “buy” down to “neutral.” Analysts think the quantity of mainland chain stores channel quick expansion, there re “quantity” and “good quality” of the tendency. At present, the Property Appliances Chain sales business “instead than the scale of economic climate” of the difficulty, the difficulty also exists in the nation on the United States. Gome public economic data for 2005 exhibits that as the quantity of store expansion, reflecting the company’s profitability and efficiency of asset management is not optimistic about a number of key indicators, based on indicators of profitability from twelve% in 2004 to 2005 many years, 9% the total return on assets dropped to eight.30% from 11.35%. Fees were high and showed a slight increase in the momentum expansion of the company’s assets after the operation and management efficiency also declined, inventory turnover rate fell to 6.six from 8.eight, the number of days of payment for goods recovered from 18 days to 26 days. Face “rather than the scale of the economic” issue, this year, many firms started to practice “Internal Power”, which nation the U.S. is nonetheless on the road expansion in the scale of hurricane advance. Authorities feel that this year leading residence appliance brand self-built channels are probable to indicate the action, this kind of as property appliance chain Gome’s considerable expansion model has come to an finish. The retail channel, “channel revenue” of dependence, weak inner management talent and the nation will be the most significant bottleneck for future growth the United States. [Key words]: States United States   Residence appliance chain   Huang Guangyu Comment Large   In   Modest

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I am an specialist from China Merchandise, typically analyzes all type of industries predicament, such as mini guillotine, id die cutter.

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Syndicated columnist Mark Shields and the National Review’s Ramesh Ponnuru, sitting in for David Brooks, go over the week’s leading news like a weaker-than anticipated March jobs report, American financial attitudes, Mitt Romney’s polling problems, Rick Santorum’s standing in the GOP and presidential pressure on the Supreme Court.

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