States United States And Suning The two Chinese Appliance Retail Industry giant, will be a new idea brought to the Chinese home appliance retail, at the same time, the two chains
Marketplace Of accomplishment Huang Guangyu Zhang Jindong, and two
Capital Market upstarts. Although the duo’s background varies, the two companies also have different growth trajectories, but can not deny that, in their wealth behind the myth, countless
Investment Who through the “stock market” is a special channel for the two tycoons have contributed quite a lot of force rise. Hong Kong or the mainland Ye Hao, investors want to pay all return. In the home appliance retail industry
Competition Increasingly fierce and profit increasingly meager circumstances, GOME and Suning also can, as always, continue to write past the myth? And how rational investors Gome and Suning’s condescending malaise?
States U.S. stocks crashed in Hong Kong
Zhang Jindong, Suning Appliance CEOs reportedly very happy recently, in the second
Equity Division Reform, Suning Appliance only every 10 shares to tradable shareholders get 2.5 shares of the weak price will be solved in the hands of natural persons worth 3.5 billion shares in circulation problems, not only did not fall but shares rise again and again, a great innovation
Listing Meaning since the record high. Zhang Jindong, see the old rivals had a happy life will be pulled Gome Huang Guangyu backdoor listing in Hong Kong are also determined to twist flowers smile, helplessness, the country’s US-controlled (0493, HK) really do not give yourself a good showing at the Hong Kong Hang Seng indices up 1,500 points over the same period, the stock but from the March 2005 high of 9.10 Hong Kong dollars from Monday’s 5.30 yuan. Faced with this situation, Wong Kwong Yu had already prepared to re-program cash back pocket.
Gross margins decline In fact, the country holding the biggest slump of the United States a few days is not long before the slump caused by the reasons for the country from July 5 the United States holding a notice. The notice said “1-5 months of this year, operating income grew 30%. However, the rapid expansion of lead per square meter revenue, gross margins have decreased.” Subsequently, the company also announced confirmation “Chairman Huang Guangyu was planning to sell core subsidiary of its 35% stake in Gome. “2 news broke, the country holding shares on the day when the United States fell 8%.
Conscientious calculated, from the June 23 start to accelerate down the country holding the U.S. counting, within one month of its shares fell more than 30% of the total, while Huang Guangyu also will shrink the personal assets of more than 20 billion.
Performance was diluted As a domestic appliance Sell The two giant chains, Gome and Suning, whether
Operate Model or the market Operation Methods are exactly the same, namely, by expanding the scale of a large number of new stores opened, and then use large orders to manufacturers lower prices, lower purchase prices, profit from the difference to sales. This allows for the rapid expansion of business scale in a short time. In fact, both the United States Suning or country, the high premium in the capital markets to issue new shares is an important reason for the high-growth companies. Otherwise, in the domestic A stock market is depressed and the context of Road to Suning Appliance net assets per share 4.54 yuan, is supported in any case can not afford the high price of 34 yuan per share.
However, the country announced the United States holding a piece of paper peeled off this layer of the emperor’s new clothes. In the July 5 announcement, the company’s gross margin declined to explain the reasons for this, mainly because the company said the rapid expansion of the network to expand to smaller cities, where
Client Generally low purchasing power. The same time, to increase market share through price cuts, and some high-margin product demand contraction. It seems the U.S. controlled the country’s development model has encountered bottlenecks.
But since the stock of misappropriating the ability to, I am afraid to beats the Zhang Jindong. Although Huang Guangyu of Gome Holdings, through backdoor listing, issued without public offering, but placing the two in 2004, so he will easily hides 2.569 billion Hong Kong dollars into the pockets, and Zhang Jindong, Suning Appliance addition to listing the raised 400 million yuan funds, accounted for almost no cash.
Funds are the lifeblood of home appliance sales chain, especially when the market duopoly confrontation, capital adequacy is the ability to win the decisive final weight. It seems inevitable that a new round of misappropriating war, just as ordinary investors, shareholders, in this battle will be how many benefits, but also play a big question mark!
Suning Appliance to create the myth of capital
Issue price of Suning 16.33 yuan, up to 30 times price-earnings ratio. Suning opened at 29.88 yuan on the first day, crazy day rally to close at 32.7 yuan, up more than 100% the first day, this will get on the first high-priced shares in Shanghai and Shenzhen throne. Information, Suning Appliance on the first day more than 80% turnover for the Shanghai and Shenzhen stock markets are rarely seen in history.
Listing, Suning Appliance continues the myth of the first high-priced stocks, after two small correction, the road mounted a high of 70.25 yuan, followed by stock price has been floating around 60 yuan. Ex, the Suning Appliance’s stock began a new round of strong increases, as of the close yesterday, the stock rose to 34.4 yuan, after the power corresponding to the price recovery was 68.9 yuan, up 4.88%, ranked small board gains top.
Finance Index Suning Appliance has announced that it expects 2005 first half net profit rose 100% -120%. 2005 a quarterly show 1-3 months of this year, Suning Appliance realized main business income of up to 3,126,806,600 yuan, up 68.38 percent, the main profit of 237.6507 million yuan, profit 15,727,300 yuan . Main business gross profit margin 7.60%, up 1.45%. In addition, the company earnings per share were 0.17 yuan, 9.09 yuan per share, net assets, return on equity was 1.86%.
Investment value & Risk National Securities senior analyst Xu a nail that, while Suning Appliance has maintained a strong stock price momentum, but he was on the rapid growth of Suning made a question mark, he said, how long can this trend is not possible to judge, because not see too many things.
He pointed out that Home appliance chain
Increasingly fierce competition in the industry today, to Suning this extraordinary growth and, to a certain degree of density in the shop, the “single-store” profits can continue to maintain is a place in the
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