Workflow
GOME RETAIL(00493)
icon
Search documents
国美零售(00493) - 2021 - 年度财报
2022-04-28 12:07
年度報告 2021 國美零售控股有限公司 GOME RETAIL HOLDINGS LIMITED 國美零售控股有限公司 * 於百慕達註冊成立之有限公司 股份代號 : 493 年度報告 * 僅供識別 2021 技術賦能 全零售生態共享平台 and Grand State . 3 ● 目錄 公司概覽 2 五年財務概要 3 財務及業務摘要 4 主席報告 8 管理層討論與分析 10 全年大事紀要 30 董事及高級管理人員簡介 33 董事會報告書 41 風險因素 56 企業管治報告 59 獨立核數師報告 73 | --- | --- | --- | --- | --- | |-------|-------|-------|-------|----------------| | | | | | | | | | | | | | | | | | 綜合損益表 | | | | | | 綜合全面利潤表 | | | | | | 綜合財務狀況表 | | | | | | 綜合權益變動表 | | | | | | 綜合現金流量表 | | | | | | 財務報表附註 | | | | | | 公司資料 | | | | | | | 79 80 ...
国美零售(00493) - 2019 - 中期财报
2019-09-26 10:23
Financial Performance - Total revenue for the first half of 2019 was approximately RMB 34,333 million, a slight decrease from RMB 34,706 million in the same period of 2018[3]. - The group's sales revenue for the reporting period was approximately RMB 34,333 million, remaining stable compared to RMB 34,706 million in the same period last year[28]. - The revenue from comparable stores was approximately RMB 26,912 million, a decrease of 4.14% from RMB 28,074 million in the same period of 2018[28]. - The company reported a net loss of RMB 621 million for the six months ended June 30, 2019, compared to a net loss of RMB 721 million in the prior year, showing an improvement of approximately 13.9%[61]. - The group recorded a pre-tax profit of approximately RMB 366 million, a significant improvement from a loss of RMB 435 million in the same period of 2018[39]. - The company reported a pre-tax loss of RMB (546,403) thousand for the six months ended June 30, 2019, compared to RMB (633,172) thousand for the same period in 2018[70]. - The company reported a total tax expense of RMB 74,598,000 for the six months ended June 30, 2019, compared to RMB 87,795,000 for the same period in 2018[109]. Profitability and Margins - Comprehensive gross profit increased to RMB 6,151 million, with a gross margin of 17.92%, up from 17.32% in the previous year[3]. - The gross profit for the reporting period was approximately RMB 4,997 million, with a gross margin of 14.55%, down from 15.65% in the same period last year[28][32]. - The comprehensive gross margin increased by 0.60 percentage points to 17.92% due to stable gross margins and rising other income and gains[32]. - The gross margin for new businesses was 18.02%, up from 16.66% in the same period last year[30]. Expenses and Costs - Operating expenses totaled approximately RMB 5,731 million, a decrease of 9.90% from RMB 6,361 million in the same period last year, with an operating expense ratio of 16.69%[33]. - Marketing expenses amounted to approximately RMB 4,026 million, down 16.16% from RMB 4,802 million in the same period last year, with a marketing expense ratio of 11.73%[36]. - The financial (cost) / revenue and pre-tax profit was approximately RMB 366 million, compared to a loss of RMB 435 million in the same period of 2018[5]. - The net financial cost increased to approximately RMB 912 million from RMB 198 million in the first half of 2018, mainly due to interest expenses from lease liabilities and increased interest on discounted notes[39]. - Other expenses increased by 38.78% to approximately RMB 544 million compared to RMB 392 million in the same period of 2018, primarily due to losses from store closures[39]. Liquidity and Cash Flow - Cash and cash equivalents stood at approximately RMB 10,106 million as of June 30, 2019, indicating a strong liquidity position[5]. - Net cash flow from operating activities was approximately RMB 193 million, down from RMB 706 million in the same period last year[43]. - The cash flow from operating activities showed a net cash inflow of RMB 193,153 thousand for the six months ended June 30, 2019, down from RMB 706,290 thousand in the same period of 2018[70]. - The company reported a significant cash outflow of RMB 299,772,000 related to the acquisition of Tianjin Gome Warehousing and Guangzhou Gome Holdings[71]. Store Expansion and Market Presence - The company opened 205 new supermarket store-in-stores during the reporting period, enhancing its supply chain coverage across major appliances, 3C, and smart products[12]. - The company opened a total of 492 new stores, resulting in a net increase of 278 stores, with 647 county-level stores now operational, achieving a GMV growth of approximately 339% year-on-year[13]. - The company plans to open approximately 1,000 new county-level stores in 2019, focusing on deepening market penetration in lower-tier cities[54]. - The number of beauty store owners reached 580,000, with beauty store GMV increasing by approximately 123%[8]. - The company entered 776 cities, with 170 new cities added during the reporting period, focusing on both first-tier and lower-tier markets[13]. Strategic Initiatives and Innovations - The company is focusing on transforming from an appliance retailer to a comprehensive home life solution provider, emphasizing innovation and upgrading[5]. - The company has launched over 360 Comfort Home projects, focusing on providing comprehensive home solutions, including central air conditioning and water purification systems[14]. - The company is expanding its kitchen space project targeting mid-to-high-end customers, with over 20,000 SKUs introduced from more than 360 imported brands[14]. - The strategic partnership with Huawei aims to accelerate the deployment of smart retail scenarios in physical stores, enhancing the overall customer experience in the 5G era[55]. - The company is focusing on providing integrated home solutions, including smart home products and services, to meet personalized consumer demands[52]. Financial Position and Liabilities - The debt-to-equity ratio increased from 205.05% as of December 31, 2018, to 256.41% as of June 30, 2019, indicating a significant rise in leverage[50]. - The total liabilities amounted to approximately RMB 33,634 million, secured by various assets including cash deposits and properties valued at approximately RMB 12,248 million and RMB 3,876 million respectively[51]. - The total liabilities increased to RMB 67,832,150,000 as of June 30, 2019, compared to RMB 49,658,027,000 at the end of 2018, reflecting a rise of about 36.5%[97]. - The company has a net current liability of RMB 9,114,837,000 as of the reporting date, but continues to prepare financial statements on a going concern basis[73]. Acquisitions and Investments - The company completed the acquisition of Gome Holdings Group Guangzhou Co., Ltd. on January 25, 2019, with a total identifiable net assets valued at RMB 541,175,000[99]. - The company agreed to acquire a 19.5% stake in Beijing Pengrun Times Property Management Co., Ltd. for a total consideration of RMB 585,000,000, which is expected to enhance its logistics service capabilities[149]. - The company recognized a goodwill of RMB 62,209,000 related to the acquisition, which is subject to final assessment[99]. Shareholder Information - As of June 30, 2019, the total shares held by major shareholder Huang Guangyu amounted to 10,835,703,338 shares, representing approximately 50.26% of the company[163]. - The company has a total of 5,500,000,000 shares held by Ever Ocean Investments Limited, GOME Holdings Limited, Power Charm Holdings Limited, and GOME Electric Appliances (Hong Kong) Limited, each representing approximately 25.51%[163]. - The basic loss per share attributable to equity owners of the parent company was RMB 0.019 (RMB 0.022 for the six months ended June 30, 2018) based on a weighted average of 20,066,084,000 shares issued during the period[110].
国美零售(00493) - 2018 - 年度财报
2019-04-26 11:34
Financial Performance - GOME Retail Holdings reported a revenue of RMB 64.36 billion for the year ended December 31, 2018, a decrease of 10% from RMB 71.57 billion in 2017[7]. - The company recorded a net loss attributable to shareholders of RMB 4.89 billion in 2018, compared to a loss of RMB 449.9 million in 2017[7]. - Total assets decreased to RMB 60.74 billion in 2018 from RMB 63.22 billion in 2017, while total liabilities increased to RMB 49.66 billion from RMB 45.70 billion[7]. - The total sales revenue for the year 2018 was approximately RMB 64,356 million, a decline of 10.09% compared to RMB 71,575 million in the previous year[25]. - The Group's overall gross profit decreased from RMB 13,067 million in the previous year to approximately RMB 10,809 million[25]. - The comprehensive gross margin remained at approximately 16.80%, down from 18.26% in the previous year[25]. - The company reported a loss attributable to the owners of the parent company of approximately RMB 4,887 million, compared to a loss of RMB 450 million in the previous year[25]. - The company recorded a goodwill impairment loss of approximately RMB 978 million for the year ended December 31, 2018, due to the underperformance of the acquired subsidiary, Yihui Group[72]. - The company’s net financial costs increased by 30.98% to approximately RMB 520 million, primarily due to increased interest-bearing bank loans from RMB 3,122 million at the end of 2017 to approximately RMB 12,129 million by December 31, 2018[75]. - The company reported a pre-tax loss of approximately RMB 5,414 million for the year, compared to a loss of RMB 799 million in 2017[75]. Strategic Initiatives - GOME aims to transform into a comprehensive solution provider for home life, integrating IoT cloud platforms and proprietary brand development[19]. - The company plans to continue expanding large integrated experience stores in first and second-tier cities, enhancing consumer experience in home lifestyle[17]. - GOME is focusing on building a "smart home" ecosystem through its core business areas of IoT, proprietary brands, and operational systems[20]. - The company aims to enhance its strategic transformation by focusing on large integrated experience stores in first and second-tier cities while expanding to lower-tier cities[73]. - Gome plans to open 16 large comprehensive experience stores and nearly 200 appliance stores in the building materials market in 2019[30]. - The company expects to open 500 franchise stores and 200 self-operated county stores in 2019, with capital expenditures anticipated to be between RMB 600 million and RMB 800 million[30]. - Gome aims to provide integrated solutions for home appliances, home decoration, and home services, with over 100 stores expected to introduce integrated cabinet business in 2019[30]. - The company has established strategic partnerships with major brands for its "Cabinet + Electrical Appliances" project, enhancing kitchen solutions[44]. - Gome's strategic cooperation with various home furnishing brands aims to enhance the "Home Life" strategy and provide comprehensive home decoration solutions[100]. Store Operations - The number of stores decreased to 1,132 in 2018 from 1,223 in 2017, reflecting the company's strategic adjustments[12]. - The Group opened 602 new stores in 2018, expanding its presence in first to sixth-tier cities[23]. - The company opened 602 new stores and closed 139, resulting in a net increase of 463 stores, bringing the total to 2,122 by year-end[43]. - The company plans to continue expanding its store network in third to sixth-tier cities, where the impact of e-commerce is less pronounced[72]. Customer Experience and Technology - The GOME APP, physical stores, and social commerce platforms will work together to create a seamless online and offline shopping experience[21]. - The introduction of the "one delivery and installation" service model in second-tier cities aims to enhance efficiency and customer satisfaction[49]. - The smart customer service system "Guomei Jiuno" was upgraded in 2018, improving service efficiency through the addition of AI chatbots[52]. - The group initiated the smart store project in 2018, utilizing technologies like facial recognition and RFID for an automated shopping experience[54]. - The development of the "Shenzhou Central Platform" aims to unify online and offline systems, enhancing operational efficiency and user experience[55]. Financial Management and Governance - The company is focused on enhancing its governance structure, ensuring compliance with the Hong Kong Stock Exchange's requirements for independent directors[57]. - The company has been recognized for its innovative approaches and significant contributions to the retail industry, reflecting its competitive positioning[44]. - The independent directors bring a wealth of experience from various sectors, including law, finance, and marketing, which supports the company's governance framework[41][42][43]. - The company is committed to maintaining high corporate governance standards and has complied with the corporate governance code as per the listing rules[163]. - The board of directors consists of 7 members, including 3 executive directors and 4 independent non-executive directors[198]. Market Challenges - The retail market in China is highly competitive, with pressures from traditional and online retailers potentially impacting the group's revenue and profitability[189]. - Changes in China's economic, political, and social conditions, as well as government policies, could adversely affect the group's financial performance[192]. - The group must convert part of its revenue from RMB to foreign currencies for dividend payments, and strict foreign exchange controls may limit access to necessary foreign currency[193]. - The majority of the group's store leases range from five to ten years, and difficulties in securing suitable retail locations could hinder expansion plans[188]. Employee and Community Engagement - The company emphasizes the importance of employee training and development, providing various training programs to enhance skills and knowledge[174]. - The company donated over RMB 1.61 million to support educational initiatives, benefiting over 10,600 students in impoverished mountainous areas[101]. - The group employed a total of 42,269 employees as of December 31, 2018[161].