Gome Electric Q1 net profit 268 million yuan Year-on-year increase 252%

On the afternoon of May 19, Gome issued its financial statements for the 3 months ended March 31, 2014. Data show: Gome single season net profit of 268 million yuan, an increase of 252%. The following are the key points for Sohu It's earnings refining:

1, revenue 13.351 billion yuan, rose 8.2% year-on-year, gross margin increased 0.6% to 18.2% year-on-year, the total cost rate fell about 0.7%, to 16.4%. Some net profits of Gome's listed companies rose 252.6% to 268 million Yuan Year-on-year.

2, improve the profitability of a single store is still one of the important work of Gome. Data show that Gome sales revenue growth reached 8.1%.

3, the electricity business, the mobile client becomes the future work key. The data showed that overall online turnover grew by about 40% per cent year-on-year, and daily average visits increased by about 45%. The overall gross profit margin on the line was raised to 7.2%. Next, the group will strengthen its mobile clients and its collaboration with social networking platforms.

4, increase the investment in logistics. Rapid distribution will be achieved in 200 cities nationwide by the end of 2014. To this end, Gome built 428 logistics warehousing and national distribution network, set up 1588 stores network distribution points.