Suning.Com's Revenue Grew 21.63% In The First Half To Achieve Net Profit Of 2 Billion 100 Million

Recently, suning.com (002024.SZ) released its 2019 semi annual performance bulletin. The express shows that in the first half of this year, suning.com's operating income was 134 billion 618 million yuan, an increase of 21.63% over the same period last year, and the net profit attributable to shareholders of the parent company was 2 billion 139 million yuan, down 64.37% compared with the same period last year.

As for the reasons for the decline in profits, suning.com explained that the total profit of the company and the net profit attributable to shareholders of the listed companies during the reporting period were 1 billion 973 million yuan and 2 billion 139 million yuan respectively. As a result of the sale of some Alibaba shares in the same period last year, the net profit of RMB 5 billion 601 million yuan was affected. The total profit and net profit attributable to shareholders of the listed companies decreased by 66.74% and 64.37% respectively.

Suning pointed out that, if deducting the operating losses of Suning shop in the first half of the year and the increase in net profit brought by equity transfer, it is estimated that the net profit of the Company attributable to shareholders of the listed company is about 800 million yuan, which will be based on the relevant data in the first half of 2019.

As of June 30th, the number of registered members of suning.com's retail system amounted to 442 million. As of the end of June 2019, suning.com has altogether owned 7503 self owned and franchised stores, 5368 sunning stores and Diya daily self owned stores, and 5108 retail stores of suning.com retail.

Suning.com believes that the revenue growth in the first half of this year is mainly due to its continuous high investment in core retail capacity building, and the acquisition of Wanda and Carrefour China has achieved its full scene, retail sales of all categories in advance.