Compared to net profit, the number of new stores, sales of product categories, rates and other indicators found that States United States

Suning

Two channels of the basic operators in the first half of 2008 were tied.

Quality has always been to store Suning proud, in the first half to 0.02% of comparable store growth rate inferior to 0.49% in the comparable store Gome level of growth; always stores much better than any amount of lead that opponents Hao, Gome, in the first half operating income was 24.874 billion yuan, not only by the first quarter of 2008, Suning beyond, and the whole first half were old rivals behind them.

Comparison of GOME

net win

First half of the Gome and Suning suffered earthquake, consumer prices, raw material prices, exchange losses and other adverse factors, the challenges, but they also received

Olympics

Economic, macro-economic control, environmental protection and updating of business opportunities.

Contrast Gome, Suning Appliance removal of the revenue, gross margin and other four titles, but the rate of 4.25% of net profit to suffer, “won the market, loss of profits” embarrassment.

Gome will become a “high-profile development, low-key money” of the beneficiaries, 4.77% of the net profit margin to operating income of 1.05 billion yuan less Bi Suning Electric, but the net profit has more 86 million yuan Bi Suning Electric. Compared with Suning Appliance, Gome seems is the “last laugh” king.

Their common “Sudi” Gree, despite its self-built channel practices

Home Appliances

Criticized by the two giant chains, but the 24.952 billion yuan of sales revenue, 24.44% of the same growth rate of 104.67 percent growth in net profit over the same period, proved Gree strong words as Gome and Suning’s lung power is located.

Competition 2 stores rather

2008 Suning the first half of 102 new stores, and Gome evenly. However, the total number of stores is still lagging behind Gome. As we all know, the decision is not the number of home appliance chain store competition, the key to success, especially the quality of store rental ratio, flat effect, comparable three-year growth target is the key factor.

2007 comparable store Gome year rose only 3.11%, while the first quarter of 2008 it reached 3.17%, the first time, comparable store growth over the same period Suning Appliance’s “Beyond.” While the first half of 2008, comparable store Gome rose less than 1 percentage point again, I did not expect less of their opponents, so again, “luck” Beyond.

Strategy that is in large flagship store quantity, Suning, Gome is clearly inferior to 44 the number of gap between the flagship store, also make Gome “big shop mode” of lung power is no longer so abundant. In addition, the total number of Gome stores areas although more than 62.3% of Suning Appliance, but the 2.85 million square meters of total business area of less than Suning of 3.0819 million square meters; the total number of stores grew, the Suning Appliance 88.88 percent of the year growth rate is much higher than GOME Electrical Appliances; single shop area, the Suning, Gome more than 600 square meters (the former: 4,200 square meters / shop, which is 3,600 square meters / shop).

In addition, in the secondary market, secondary market, Gome stores 257 stores the number of its 36.4%; sales revenue accounted for 22.67%, representing an increase of 3.26% over the same period last year. Can be expected that both sides will be a market to the main battlefield of the secondary market. The next time the two sides will focus on the secondary market store expansion, comparable store business optimization and fierce competition. Three markets are very likely in the game both the “last battle”, while GOME, Suning’s performance in the three markets are not Yangzhou Exchange Bank, Jiangsu Five Star, Henan Yu family and other “small chain of” excellent.

Another concern is the two-store rental data contrast ratio.

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. Hot Focus: China’s GDP growth in the first half rose 7. 9% 10.

4% CPI: This year, all localities and departments to seriously implement the central government on economic work this year, the decision-making arrangements, efforts to overcome the spate of natural disasters of major difficulties, actively dealing with the complicated international economic situation, the national economy continues to move the expected direction of macro regulation and control in general maintained a steady and relatively fast run trend. Preliminary accounting, 13. 0619 trillion yuan in the first half of GDP, comparable prices, an increase of 10.

4% over the same period the previous year was 1. 8 percentage points. Among them, the primary industry added value 1.

18 trillion yuan, an increase of 3. 5%, down 0. 5 percentage points; the secondary industry 6.

7419 trillion yuan, up 11. 3%, down 2. 4 percentage points; tertiary industry 5.

14 trillion yuan, up 10. 5% , down 1. 6 percentage points.

Money and credit growth drop significantly from the tight monetary policies should continue to adhere to: The implementation of tight monetary policy from the past six months, the central bank show a gratifying responses. 14, the first half of the central bank announced monetary and credit data, the results show that the broad money supply (M2) growth dropped to 17. 37%, the narrow money supply (M1) is down to 14.

19% for June 2006 the lowest since . At the same time, in the first half was 2. 4525 trillion yuan of new loans, loan growth fell to 14.

12 percent for the 27 months since the minimum value. Tight monetary policy has achieved remarkable results. Insiders pointed out that in the current economic environment, the future still need to adhere to the direction of tight monetary policy unchanged, but in the regulation of the process should focus more on structural factors.

The FEC: continue to adhere to sound fiscal policy and tight monetary policy: First NPC Financial and Economic Committee, held from 15 to 16, the 5th plenary meeting, listen to the National Development and Reform Commission, the Department of Agriculture, Ministry of Commerce, the People’s Bank and the National Bureau of Statistics on the economic situation in the first half of this year’s report, and conducted discussion. Members believe that current economic and social development situation is good, major natural disasters and unfavorable factors in the international economy will not change the basic situation of China’s economic development, the national economy is expected to continue moving in the direction of macro regulation and control. However, the economic operation is facing some of the more outstanding difficulties and problems: the general price level continued to rise, increasing inflationary pressures; affect agricultural production and farmers continued to increase stability constraints more farmers to grow grain has been affected.

Members believe that, should continue to adhere to sound fiscal policies and tight monetary policy, strengthen and improve macroeconomic regulation and control, enhanced macro-regulation more proactive, targeted and effective. Meanwhile, according to domestic and international economic environment changes, grasp the intensity and pace of policy implementation to avoid big ups and downs in the economy, maintain steady and rapid economic development, disaster recovery and reconstruction and a good job of the Olympic Games and Paralympic Games to create a good environment. Cool “test in China: July 8, the State Information Center recently released the “China Economic Monitoring and Early Warning Report” shows that comprehensive reflection of the macroeconomic conditions of coincident composite index has declined slightly for 7 months, described the first index of future economic trend continues downward, the economy the economy was continuing trend of high drop.

This means that, subject to economic cycles and other factors, China’s economic growth this year cooling trend is increasing. The first to feel this economic cooling trend, two of China’s economic growth “engine”, also “World Factory” core?? Pearl River Delta and Yangtze River Delta region, manufacturing firms that are more common and serious face difficulties. Fax a letter to the State Department of Commerce proposed revaluation deceleration: Last week, the State Department asked the Commerce Department to report to the first half of this year’s foreign trade situation and put forward policy proposals.

Yesterday, an official source, the Ministry of Commerce has formally proposed to the State Council slow down the pace of yuan appreciation, while improving clothing, toys, footwear export tax rebate rate in order to prevent a large drop in exports. Ministry of Commerce said the proposed export enterprises need more time to adjust, otherwise many businesses will close down. Fine-tuning of macroeconomic policies may continue to control the “two high and one capital” exports: 15 July, the Commerce Department Deputy Director Liu Haiquan integrated told reporters that the Ministry of Commerce is preparing the first half of economic analysis and policy recommendations of the report, according to plan, this report will be submitted to the State Department this week.

Meanwhile, this week, the central economic analysis conference will be held, is expected at this meeting, the decision-making will be the direction of the second half of macro-control, focus, intensity and rhythm create a more unified view. According to the Ministry of Commerce official said that “two high and one capital” (high energy consumption, high pollution, resource-based) products, the state will continue to take a variety of policy and effective export controls. .