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GOME ELECTRICAL APPLIANCES HOLDING LIMITED*
(Incorporated in Bermuda with limited liability)
(Stock Code: 493) UNAUDITED RESULTS FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2014 The Nine-Month Period Ended 30 September 2014 Financial Highlights
• During the reporting period, the Group's sales revenue was approximately RMB44,645 million, up 7.17% as compared with RMB41,660 million for the corresponding period last year
• Consolidated gross profit margin (gross profit margin plus other income and gain margin) was approximately 18.57%, increased by 0.56 percentage points as compared with 18.01% for the corresponding period last year
• Profit from operating activities was approximately RMB1,088 million, increased significantly by 89.88% as compared with RMB573 million for the corresponding period last year
• Net profit attributable to owners of the parent company was approximately RMB1,018 million, up significantly by 74.91% as compared with RMB582 million for the corresponding period last year
In order to provide better disclosure to the financial markets and to the existing and potential shareholders of GOME Electrical Appliances Holding Limited ("GOME" or the "Company") so that they can better assess the most recent financial performance of GOME and its subsidiaries (the "Group"), the board of directors of the Company (the "Board") announces the unaudited consolidated results of the Group for the nine-month period ended 30 September 2014 together with comparative figures for the corresponding period of last year. This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules").
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For the nine-month period ended 30 September 2014
Nine-month Nine-month period ended period ended 30 September 2014 30 September 2013RMB'000 RMB'000
REVENUE | 44,645,473 | 41,659,778 |
Cost of sales | (37,890,437) | (35,357,574) |
Gross profit | 6,755,036 | 6,302,204 |
Other income and gain | 1,533,528 | 1,198,901 |
Selling and distribution expenses | (5,465,179) | (5,384,619) |
Administrative expenses | (1,276,594) | (1,129,190) |
Other expenses | (458,537) | (413,972) |
Profit from operating activities | 1,088,254 | 573,324 |
Finance costs | (35,354) | (49,289) |
Finance income | 216,721 | 183,802 |
PROFIT BEFORE TAX | 1,269,621 | 707,837 |
Income tax expense | (416,136) | (288,288) |
PROFIT FOR THE PERIOD | 853,485 | 419,549 |
Attributable to: Owners of the parent company | 1,017,787 | 582,465 |
Non-controlling interests | (164,302) | (162,916) |
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The Group's unaudited consolidated results for the nine-month period ended 30 September 2014 have been prepared in accordance with the same accounting policies adopted by the Group as disclosed in the 2013 Annual Report.
Shareholders and potential shareholders of the Company are advised to exercise caution when dealing in the shares of the Company.
By order of the Board
Chairman
Hong Kong, 17 November 2014
As at the date of this announcement, the Board of the Company comprises Mr. Zou Xiao Chun as executive director; Mr. Zhang Da Zhong, Mr. Zhu Jia and Ms. Wang Li Hong as non-executive directors; and Mr. Sze Tsai Ping, Michael, Mr. Chan Yuk Sang, Mr. Lee Kong Wai, Conway, Mr. Ng Wai Hung and Ms. Liu Hong Yu as independent non-executive directors.
* For identification purpose only
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