Gome Retail Holdings Limited · HKEX:493
Gome Retail — H1 2023 Earnings Presentation
16 slides from Gome Retail's earnings presentation, 2023
Slide 1: 2023 Interim Results Announcement
2023 中期业绩发布 INTERIM RESULTS ANNOUNCEMENT 国 美 零 售 控 股 有 限 公 司 GOME RETAIL HOLDINGS LIMITED (股份代号：0493.HK)
Slide 2: Disclaimer
Disclaimer 2 This presentation and the accompanying slides (the “Presentation”) which have been prepared by GOME Retail Holdings Limited (“GOME” or the “Company”, together with its subsidiaries, the “Group”) do not constitute any offer or invitation to purchase or subscribe for any securities, and s
Slide 3: External Environment
External Environment 3 During the first half of 2023, the global geopolitical and economic landscape continued to pose complexities and challenges. Likewise, domestic economic growth faced its share of pressures. As the economy and society gradually Economic returned to a state of normalcy, the nati
Slide 4: Interim Result Overview
Interim Result Overview 4 Revenue declined and loss expanded Address challenges and Enhance toughness ◼ The total revenue was RMB 415 million in the first half of ◼ In the first half of 2023, due to the fierce competition in the 2023, a significant decrease of 96.57% from RMB 12.109 industry, in add
Slide 5: GOME's Ecosystem: Focus on Main Business and Consolidate the Border
GOME's Ecosystem: Focus on Main Business and Consolidate the Border 5 New Energy Vehicle Showroom Shared Retail Platform Online Capacity GOME Showroom Supply Metaverse Offline Chain Capacity Capacity Home Furnishings and Decoration Logistics and after-sales service
Slide 6: Online Capacity: Brand Upgrade and Strengthen Live Stream Business
Online Capacity: Brand Upgrade and Strengthen Live Stream Business 6 ◼ Brand Upgrade：upgrade to GOME APP to enhance recognition ◼ Brand positioning: professional, low price, entertainment, sharing, service Online Operation Four Key Initiatives Trendy Product Introduction: Focusing on electrical appl
Slide 7: Offline Capacity: Focus on Main Business and Optimize System
Offline Capacity: Focus on Main Business and Optimize System 7 ◼ Business Focus: Retaining core self-operated flagship stores while reconfiguring store formats. Stores will prioritize showcasing experiences, while franchisees will concentrate on the lower-tier markets. ◼ Scene Focus: Localized new c
Slide 8: Supply Chain Capacity
Supply Chain Capacity 8 ◼ Powerful product selection capacity: Possessing abundant supply chain resources in categories such as home appliances, 3C electronics, home furnishings, and more, Powerful product selection capacity along with a strong ability to curate selections. ◼ Comprehensive category
Slide 9: Gome's Ecosystem Business Expansion
Gome's Ecosystem Business Expansion 9 ◼ Shared Retail Platform ◼ New Energy Vehicle Showroom Adopting the S2P2B2b2C model establishes an open circulation Building a new energy vehicle brand exhibition and sales platform. industry digital platform to help large, medium, and small-sized With the conce
Slide 10: Comprehensive innovation and embracing the future
Comprehensive innovation and embracing the future 10 Historical advantages + existing Grasp the opportunity and resources embrace the future ◼ With 36 years of retail operation, has an offline network ◼ More diversified retail market channels, new retail model covering 1,146 cities and towns across
Slide 11: Consolidated Income Statement Summary
Consolidated Income Statement Summary 11 (Unit: RMB, Million) 2022 H1 2023 H1 Change Revenue 12,109 415 -96.57% Consolidated gross profit 2,399 11 -99.54% Consolidated Gross Profit Margin 19.81% 2.65% -17.16ppt Operating Profit/(Loss) (2,465) (2,477) 0.49% Profit /(Loss) Before Tax （3,297) (3,609) 9
Slide 12: Financial Position
Financial Position 12 (Unit: RMB, Million) 2022/12/31 2023/6/30 Change Cash and cash equivalents 170 147 -13.53% Pledged bank deposits and restricted cash 5,691 567 -90.04% Inventories 433 209 -51.73% Inventory Turnover Days 79 109 30 days Trade payable 3,945 4,727 19.82% Trade Payable Turnover Days
Slide 13: Revenue Structure Analysis
Revenue Structure Analysis 13 Due to strategic focus, we focus on retaining core flagship stores; with the primary market as the main market, its revenue share rose to 90% 2022 H1 2023 H1 County-level market Secondary 9.47% Country-level market 5.42% market 4.54% Secondary market 21.43% Primary mark
Slide 14: Cost and Expenses Analysis
Cost and Expenses Analysis 14 ◼ In the first half of 2023, the Group‘s revenue decreased sharply, and the costs and expenses also decreased significantly accordingly. The decrease in selling and distribution expenses mainly includes the decrease in compensation expenses, depreciation expenses and de
Slide 15: Number and Distribution of Offline Stores
Number and Distribution of Offline Stores 15 ◼ By the interim of 2023，the Group had 2,398 offline stores，with a net decrease of 445 stores from the previous year, of which 13 were city display stores, 144 were flagship stores, 194 were boutique stores, and 94 were new retail stores. Offline Store To
Slide 16: Investor Relations Contacts
Investor Relations Contacts Website: http://www.gome.com.hk Email: info@gome.com.hk Tel: (86) 010-59289189 19A/F, Block B, Eagle Plaza, No.26 Xiaoyun Road, Chao Address: Yang District, Beijing