Gome's overall performance in 2017 was as follows:
1. Revenue: The company achieved operating income of RMB 2,198,186,600 during the year, and completed 61.07% of the planned RMB 360,000, which represented a year-on-year increase of 91.17%. The lack of revenue was mainly due to the insignificance of self-branded mobile phone business.
2. Synthetic gross profit: During the year, the consolidated gross profit was RMB 210.6648 million, and 46.80% of the planned RMB 450 million was increased, which was a year-on-year increase of 36.86%.
3. Expenses: The total cost for the whole year will be RMB 215,895,300, which will be saved by RMB 183,410,700 over the plan of RMB 396 million. The savings rate will be 46.25%. It will increase by RMB 80.63 million over the same period of last year by RMB 80.63 million, an increase of 60.98% year-on-year. The company’s annual fee rate is 9.68. %, which is a decrease of 1.82% compared to 11.50% in the same period of last year.
4. Net profit attributable to shareholders of a listed company: In 2017, net profit attributable to shareholders of a listed company was RMB 12,44,670, of which 37.72% of the planned RMB 33 million was completed, which was a decrease of 28.12% from RMB 17,731,500 last year.
5. Completion of the performance of Tak King Electronics: According to the commitment of the original shareholders of the restructured TDK Electronics, the net profit of Tak King Electronics for 2016-2018 (after deducting non-recurring gains and losses, the same below) shall not be less than RMB 60 million respectively. 80 million yuan, 10,000 million yuan. After auditing, the net profit attributable to owner's equity of the parent company in 2017 was RMB 70,909,900, and the impact of non-recurring gains and losses was RMB 75,073,100. In 2017, the original promised performance was not completed. 80 million, the completion rate of performance promise was 93.85%. In 2016, Kingdee achieved net profit attributable to the parent company of RMB 69,977,100, which was RMB 6,977,100 over the commitment of RMB 60 million. The completion rate of performance promise was 111.63. %. In view of the profit realized in 2016-2017, Dejing Electronic Co., Ltd. exceeded its profit commitment by 2.0562 million yuan.
The main business and business model engaged in GOME Communications during the reporting period
According to the report, in October 2016, the company acquired 100% equity of Dejing Electronic Co., Ltd. in cash and completed the equity delivery. In January 2017, the company terminated its home appliance retail business, and will store non-current inventory and fixed assets related to home appliance retail business. The assets were sold to the related party Shandong Dazhong. The company's main business was changed to the research and development, production and sales of intelligent mobile terminals. The company's industry classification was C39 'Computer, Communication and other electronic equipment manufacturing'.
During the reporting period, the company’s main products include: ODM mobile phones, ODM mobile communication and ODM mobile communication boards. Tetek Electronics provides mobile phone brand manufacturers and operators in China with a full-scale industrial chain, one-stop R&D and design. Manufacturing services, whose main products include ODM mobile communications and mobile communication motherboards. After the acquisition of Dejing Electronic, the company’s related party, Beijing Gome Electrical Co., Ltd. authorized the use of 'Guomei' related trademarks, and the company began to design and produce during the reporting period. And sell its own brand of Gome mobile phone.
Gome Communications stated that the company has formed an integrated mobile phone R&D, production and sales structure for its own-brand mobile phones. The private-brand mobile phone sales adopt offline, online, and operator-wide tactics to sell its own brands through various channels. The mobile phone achieves profitability. At the same time, the company gains pre-installed profits through planning, development and upgrading of GMOS security systems and application development.
This morning, Gome Communications (SH:600898) rose 2.15% to 10.93 yuan, with a total market value of approximately 2.75 billion yuan.