America's electric high-speed growth potential for adequate

Listed companies every day to ask

With the recent overall household appliance plate stock price drop, the beauty of electrical appliances in the three quarterly bulletin, seven trading days in the stock price also continuous go weak.

Guangzhou Miss Huang electrical appliances holding us long time, she expressed concern about the beauty of electrical three quarterly bulletin's gross profit declined. Then call the information times asking if as a result of household electrical appliance enterprises increasingly fierce competition and saturated, beautiful electric high-speed growth period is over?

Gross margin declined due to the accounting change

Yesterday, reporters companies related staff and analysts.

Some analysts said that the growth rate of the u.s. electrical appliances even in the gem also considered is a high speed. And three quarter gross margin decrease was mainly caused by the AAA to change, after deduction of that factor, gross profit increased by the fact there are.

Beauty appliances 26 October announcements, company 1 ~ September sales income of 572 million, an increase of 60%; net profit 27 billion, an increase of 75%; among them, the third-quarter revenues and net profit growth in year-over-year, respectively, up to 70% and 130%.

However, the company's third quarter consolidated gross margin 13.6%, ring than decline 4.9% year-on-year decline 7.9%. Analysts said, energy subsidies reduce their main income received is causing companies to look like the three quarterly decline of profitability, the company's energy subsidies included in non-operating income of the company for 2009 quarter and 10 years a quarter have taken the accrual accounting, 10 years since the second quarter to cash basis, so the data will only be attracted investors misunderstood.

Guotai Junan analyst party Xin said, if you should adjust to the main subsidy income, this year the company third quarter single quarter in company's real income growth 81%, gross profit margin 19.4% ring than lifting about 1 percentage point, net interest rate 4.8%, slightly higher than the first half of the year.

Therefore the slowdown that open to discussion.

CIC securities analysts do not agree with Mr sit, EDS has been saying: "sales income of 60% of growth occurs, how can say slowdown? this speed even in the gem will be slow.

"According to the statistics of juling finance in October, a total of 13 institutions since the evaluation of electrical equipment, no analysts look at empty next 2 months, the unit's performance.

Future highlights are still quite

For beauty of electric growth potential, said Yuen Ho-subject to production of refrigerator business this year, next year's complete product line of Nansha refrigerator, beauty appliances next year's sales revenue increased 3% will be at least.

With the massive growth in sales revenues, the company economies of scale are also reflected. In addition the company enhance channel integration and marketing innovation to promote the sharing of resources, the efficiency gains during the year-over-year decline in the cost rate 3.4% sales fee rate decline 9.1% year-over-year, 3% management fee rate decline 2.8% year-over-year; last year completed 0.2% of private placement, part of the solution the company rapid growth of financial issues, capacity problems, the release of the productive forces.

According to company personnel, the company completed the acquisition of Egypt listed Miraco 32.5% stake, has become its second largest shareholder, the successful placement of the Middle East.

This layout to the promotion of globalization and its own brand of marketing has a great significance, particularly with regard to Africa, the Middle East, southern European market. The company's management also indicated that the future will give priority to select the way of mergers and acquisitions, and expansion into Brazil and India, increasing aesthetic brand of global radiation capacity.