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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Suning Appliance: Operating Profit Down 36% YoY In 12H1; Online Business Up 106% 0 comments
    Jul 31, 2012 2:40 AM

    Source: Company Disclosure, ChinaScope Financial (Data)

    + According to the interim report released by Suning Appliance Co., Ltd. (002024.SZ), company operating revenue was CNY 47.19 billion in 12H1, up 6.7% year-on-year, operating profit was CNY 2.18 billion, down 36.0% year-on-year and net profit attributable to shareholders was CNY 1.75 billion, down 29.5% year-on-year.

    + In 12H1, revenue derived from the online sales platform "" surged 105.53% year-on-year to CNY 5.28 billion (tax included).

    Challenged by online retailers, Suning has decided to focus on the development of However, the management might have underestimated the market competition. In first half of 2012, gross transaction value on was CNY 5.28 billion, only half of the semi-annual guidance.(click to enlarge)

    Trading Comparables(click to enlarge)

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