ChinaScope Fina...'s  Instablog

ChinaScope Financial
Send Message
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
My company:
ChinaScope Financial
My blog:
ChinaScope Daily Dim Sum
  • 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 "suning.com" 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 Suning.com. However, the management might have underestimated the market competition. In first half of 2012, gross transaction value on Suning.com was CNY 5.28 billion, only half of the semi-annual guidance.(click to enlarge)

    Trading Comparables(click to enlarge)

Back To ChinaScope Financial's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.