Leidi.com Rakuten July 16
Suning.com Group Co., Ltd. (stock code: 002024, stock abbreviation: ST.com) recently released a performance forecast. The performance forecast shows that Suning.com expects that the net loss attributable to shareholders of listed companies in the first half of 2023 will be 1.5 billion to 2 billion yuan, compared with 2.74 billion yuan in the same period last year.
Suning.com expects that in the first half of 2023, the net loss attributable to shareholders of listed companies after deducting non-recurring gains and losses will be 1.6 billion to 2.1 billion yuan, compared with a loss of 2.76 billion yuan in the same period last year.
Suning.com stated that during the reporting period, the company firmly implemented the development strategy of retail service providers, focused on the development of the 3C core business of home appliances, and continued to focus on Increase income, reduce costs, and improve efficiency to achieve stable development of the enterprise.
The company continued to promote the increase in the income scale of the core home appliance 3C business. During the reporting period, the company's core home appliance 3C business achieved a year-on-year increase in operating income, and the quarterly sales scale increased month-on-month.
During the reporting period, in terms of commodity management, the company continued to insist on the promotion of customized and exclusive products, and the gross profit margin continued to be stable; in terms of cost control, it continued to optimize the organization, improve human efficiency, strengthen incentives, and improve internal management efficiency, and operating expenses continued to decrease month-on-month.
With the promotion and implementation of the above-mentioned series of measures to increase revenue, reduce costs, and improve efficiency, the company's core home appliance 3C business profit gradually improved, and the core home appliance 3C business operation achieved profitability in the second quarter.
In addition, in the first half of the year, especially in the second quarter, the impact of large fluctuations in the RMB exchange rate has brought fair value change losses and increased exchange losses to financial assets that are measured at fair value and whose changes are included in current profit and loss, reducing the company’s net profit attributable to the parent company in total 300-400 million yuan.
The company promoted the implementation of the established Carrefour China business slimming adjustment plan. In the first half of the year, it focused on core advantageous cities to carry out store operations, and accelerated store closure adjustments. Especially in the second quarter, the process accelerated, resulting in a significant year-on-year decrease in sales revenue and one-time compensation related to store closures. The amount of expenditure increased significantly.
At the same time, the company conducts an impairment test on the long-term assets of Carrefour’s business in China, including goodwill, and compares the book value of Carrefour’s business-related assets or asset group portfolio with its recoverable amount. Provision for impairment of goodwill and long-term assets.
In the first half of the year, the closure of Carrefour China stores resulted in one-time compensation and other expenses, as well as goodwill and long-term asset impairment, resulting in a total net loss of 950-110 million yuan for Carrefour China. Compared with the first quarter, the loss was reduced.
Based on the rapid adjustment of Carrefour's China business in the first half of the year, the loss of operating business profits will continue to narrow rapidly in the second half of the year.
To sum up, in the first half of 2023, the company's net profit loss attributable to shareholders of the parent company was 1.5-2 billion yuan, a year-on-year loss reduction of 27.03% to 45.27%; regardless of the impact of changes in fair value and exchange losses caused by exchange rate fluctuations, and the closing of Carrefour China In the first half of the year, the company’s business operation-related profit loss was 250-500 million yuan, a year-on-year loss reduction of 74.70% to 87.35%.
According to the company's statistics, without considering the influence of factors related to non-operating cash flow, the company's EBITDA in the first half of the year is expected to be 800-100 million yuan.
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Lei Di was founded by Lei Jianping, a media person. If you reprint, please indicate the source.
