Gome Retail announced the unaudited interim performance for the six months ended June 30, 2024, showing a decrease in revenue from RMB 415 million in the same period of 2023 to RMB 169 million. The attributable loss of the parent company increased from RMB 3,539 million to RMB 4,432 million, with a loss per share of RMB 9.4. The company is facing pressure on its working capital, with current liabilities exceeding current assets by RMB 35.9 billion, and there are overdue loans and several pending civil lawsuits. The management is taking measures to improve the financial situation, including restructuring bank loans, accounts payable, and lease liabilities, and seeking debt-for-equity swaps and other fundraising opportunities. The company continues to focus on its core retail business, promoting offline upgrades and new online operations methods, and exploring new business areas such as automobile experience centers. The board of directors does not recommend the distribution of interim dividends.

Gome Retail announced the unaudited interim performance for the six months ended June 30, 2024, showing a decrease in revenue from RMB 415 million in the same period of 2023 to RMB 169 million. The attributable loss of the parent company increased from RMB 3,539 million to RMB 4,432 million, with a loss per share of RMB 9.4. The company is facing pressure on its working capital, with current liabilities exceeding current assets by RMB 35.9 billion, and there are overdue loans and several pending civil lawsuits. The management is taking measures to improve the financial situation, including restructuring bank loans, accounts payable, and lease liabilities, and seeking debt-for-equity swaps and other fundraising opportunities. The company continues to focus on its core retail business, promoting offline upgrades and new online operations methods, and exploring new business areas such as automobile experience centers. The board of directors does not recommend the distribution of interim dividends.