+ GOME Electrical Appliances Holdings Ltd. (493.HK) released its 2011 annual report on March 27. The report shows that GOME made CNY 59.82 billion in revenue, a 17.5% year-on-year increase while net profit margin fell 6.2% year-on-year, to CNY 1.84 billion.
+ The number of GOME-owned stores increased from 826 in 2010 to 1,079 in 2011. Same store sales growth increased 3.06% YoY in 2011.
Despite higher gross margin, the net margin dropped due to significantly higher selling expenses in 2011.