Gome Retail Holdings Limited · HKEX:493
Gome Retail — H1 2024 Earnings Presentation
12 slides from Gome Retail's earnings presentation, 2024
Slide 1: 2024 Interim Results Announcement
2024 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 In the 1H of 2024, the complexity and severity of the external environment increased significantly, the uncertainties became more apparent, and domestic structural adjustments Economic continued to deepen, bringing new challenges to economy. According to preliminary Environmen
Slide 4: Interim Result Overview
Interim Result Overview 4 Income decline and losses Dealing Debt and Opening single- widen store franchises ◼ In the 1H of 2024, the external environment remained ◼ In response to the debt issue, the Company issued tense. Due to funding constraints and the reduction in shares to bondholders to settl
Slide 5: Reinventing Retail Business and Opening Single-store Franchises
Reinventing Retail Business and Opening Single-store Franchises 5 Positioning of Strategic Planning Core of Strategic Planning ◼ Comprehensively open brand authorizations, focus ◼ Get rid of heavy capital operation, changing to light on supply chain model innovation, shift from assets, heavy operati
Slide 6: GOME Automotive Experience Center Opened, Completed the First Batch of Car Deliveries
GOME Automotive Experience Center Opened Completed the First Batch of Car Deliveries 6 ◼ In May 2024, GOME Automotive Experience Center opened, receiving vehicle channel cooperation intentions from dozens of famous domestic and overseas auto brands, with model types covering popular new energy model
Slide 7: Performance Overview
Performance Overview 7 Unit：RMB million 1H 2023 1H 2024 YoY Change Revenue 415 169 -59.28% Gross Profit -120 18 -115.00% Gross Margin -28.92% 10.65% Operating Profit/(Loss） (2,477) (3,492) 40.98% Profit/(Loss) Before Tax (3,609) (4,404) 22.03% Net Profit/(Loss) Attributable to the Parent (3,539) (4,
Slide 8: Financial Position
Financial Position 8 Unit：RMB million As of 31 As of 30 Change December 2023 June 2024 Cash and Cash Equivalents 66 55 -16.67% Pledged Deposits and Restricted Cash 443 93 -79.01% Inventories 202 181 -10.40% Inventory Turnover Days 245 231 -14 Account Payables 4,861 5,759 18.47% Trade Payables Turnov
Slide 9: Revenue Structure Analysis
Revenue Structure Analysis 9 Due to strategic focus, focus on retaining core flagship stores; almost all revenues come from the primary market 1H 2023 1H 2024 County-level market Secondary market County-level market Secondary market 4.54% 0.00% 0.05% 5.42% Primary market 90.04% Primary market 99.95%
Slide 10: Cost and Expense Analysis
Cost and Expense Analysis 10 ◼ In 1H 2024, the Group’s revenue decreased sharply, and the costs and expenses also decreased significantly accordingly. The reduction in selling and distribution expenses primarily includes decreases in salary costs, depreciation expenses, and rental fees. And the redu
Slide 11: Number and Distribution of Offline Stores
Number and Distribution of Offline Stores 11 ◼ By the end of June 30, 2024, the Group had 565 offline stores, with a net decrease of 508 stores from the previous year, of which 10 were city display stores, 22 were flagship stores, 1 were boutique stores, and 532 were new retail stores. Offline Store
Slide 12: 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