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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Suning.com Co., Ltd.    002024   CNE000001KF2

SUNING.COM CO., LTD.

(002024)
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Suning.com's Third-Quarter Net Profit Slid 93% on Investment Income Decline

11/01/2020 | 08:47pm EST

By Yifan Wang

Suning.com Co., a home-appliance retailer backed by Chinese e-commerce giant Alibaba Group Holding, said net profit for the third quarter slumped 93% from a year earlier, mainly due to lower revenue and a sharp decline in investment income.

Net profit was 713.7 million yuan ($106.6 million), the company said late Friday.

Revenue fell 4.6% to CNY62.44 billion. Investment income slumped 93% to CNY1.25 billion.

Suning said the plunge in investment income was a one-off event, and excluding nonrecurring items, the company's net loss narrowed, indicating continued operational improvement.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

11-01-20 2041ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 0.20% 243.46 Delayed Quote.4.61%
SUNING.COM CO., LTD. -0.80% 7.45 End-of-day quote.-3.37%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.21% 6.4798 Delayed Quote.-0.23%
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Financials
Sales 2020 275 B 42 405 M 42 405 M
Net income 2020 1 146 M 177 M 177 M
Net cash 2020 259 M 39,9 M 39,9 M
P/E ratio 2020 60,7x
Yield 2020 0,35%
Capitalization 67 978 M 10 471 M 10 475 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,21x
Nbr of Employees 42 196
Free-Float 29,4%
Chart SUNING.COM CO., LTD.
Duration : Period :
Suning.com Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUNING.COM CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 11,83 CNY
Last Close Price 7,45 CNY
Spread / Highest target 87,9%
Spread / Average Target 58,8%
Spread / Lowest Target 27,5%
EPS Revisions
Managers and Directors
NameTitle
En Long Hou President
Jin Dong Zhang Chairman
Xiao Ling Wang Chairman-Supervisory Board
Wei Min Sun Vice Chairman
Xiang Sheng Meng Director & Senior Vice President
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