US recovery gains 24% per cent year-on-year net gain

Tencent Technology (Wood) April 26 News, the United States of electrical appliances released today's first quarterly report shows that January-March to achieve operating income of 21.9 billion yuan, an increase of 23.5%, to achieve the ownership of the parent company net profit of 1.1 billion yuan, an increase of 24%; earnings per share 0.32 yuan, a year-on-year increase of 24.4%, January-March gross margin of 22.58%, up 2.2% year-on-year. July 2011, the United States took the lead in taking the initiative to promote strategic transformation, with sustained profitability as the core, to abandon the past blind pursuit of the scale of the development model. More than a year has passed, despite 2012 years of decline in income, but the United States through the improvement of product structure, enhance product value-added, improve product competitiveness, on a modest scale based on the realization of maximum profit. Since the four quarter of last year, the overall resumption of growth, a steady rebound in the first quarter of the trend is clear, gradually out of the trough of transition, market share gradually recovered, product gross margin steadily increased, profitability significantly enhanced. The United States before the overall listing of the restructuring program by the General Assembly of high votes, the United States to the group to issue a share of 44.56 yuan, the United States, the electrical distribution of the shareholders will be 15.96 yuan per share price in exchange for the United States Group issued shares. It is reported that the United States group last year after a series of integration and reorganization of the division, forming 13 operating units, of which 9 end consumer goods Division, independent research and sales of the main body, market-oriented competition. After the completion of the overall listing, the United States will become a market-oriented, integrated organization, focus on product management, to achieve high-quality, sustainable, profitable growth. Galaxy Securities chief household Appliances analyst Hao Haojan that 2012 by the company's strategic adjustment impact, marketing system changes, white electricity products, especially ice washing products market share has slipped. But at present the company marketing structure Adjustment has basically completed, the Division and the distributor between the powers and benefits more clearly. In 2013, the market share of white electricity products will gradually rebound, profitability level stability in the rise, and finally achieve steady growth in profits. 2012, the United States to completely eliminate inventory, and the low profit business has been a large-scale adjustment. Hao Haojan also believes that with the overall listing of the U.S. group will promote the overall further normative operation of the United States, give full play to the synergy between the Group division, better implement the United States Group "a beautiful, a system, a standard" of the control model, fully motivate the management, and continuously improve the company's operating efficiency and comprehensive competitiveness. The United States small household electrical appliances in the domestic market occupies an absolute leading position. From the domestic market, its drinking fountains, induction cooker, rice cookers, water purification series, electric pressure cooker, toaster, fan, electric kettle, heater nine product market share in the industry first. From the export market, its dishwasher, microwave oven, induction cooker, water dispenser, fan, rice cooker, electric heater seven main products market share in the industry first. The United States announced that the current small household electrical appliances in China compared to the developed countries, there is still a large gap in the volume. With the increase of residents ' income and the upgrade of consumption, there is still a big room for growth of small household electrical appliances market in the future. In addition, rural household small household electrical appliances are farFar less than urban families, with the pace of urbanization, rural small household electrical appliances market potential is huge, in the three or four-line city has a deep layout of the home appliance enterprises will benefit from, the future of huge demand release will promote small appliances continue to maintain high-speed growth. And in the development of small household electrical appliances, the United States will be more emphasis on product structure optimization, through lean manufacturing to enhance profitability, the future continued to enhance the period. Fang Hongbo, chairman of the U.S. group, said publicly that in the next 3-5 years, the U.S. growth rate of about 15%, profit growth is higher than income growth.