Suning.com, positive half-year 2022 report. Transaction with the Nanjing Bank confirmed

In the past few hours Suning.com released its 2022 semi-annual report. The announcement shows that in the first half of the year, revenue was 37.209 billion yuan and Ebitda increased to 859 million yuan. June was up 4.4% yoy. Meanwhile, Suning.com Retail Cloud opened 1,111 new stores in the first half of the year. The effect of improving quality and efficiency is evident: in the first half of the year, Suning.com’s overall gross profit margin increased by 9% year-on-year, while the company’s total expenses during the period they decreased by 40.10% on an annual basis. By focusing on the core business and seeking quality growth, Suning.com’s operational quality has been continuously improved.



During the reporting period, the net cash flow generated by Suning.com’s operating activities was positive. In terms of performance income, without considering the influence of factors related to non-operating cash flows, Suning.com’s EBITDA in the first half of the year was 8.59 100 million yuan, a fundamental improvement over the second half of last year. year. Among them, Ebitda in the first quarter was 260 million yuan and Ebitda in the second quarter was 599 million yuan, resulting in a quarter-over-quarter increase. Excluding the impact of changes in the fair value of financial assets and foreign exchange gains and losses, the company’s net profit attributable to shareholders of the parent company in the second quarter decreased by 13.71% compared to the first quarter and by 73.04 % compared to the same period of the first quarter.

Also today, August 30th, the Bank of Nanjing has made an announcement claiming it has completed the acquisition of Suning Consumer Finance Co., Ltd. The announcement highlights the bank’s stake in Suning Consumer Gold has increased to 56%. At the same time, with the approval of the Jiangsu Banking and Insurance Regulatory Bureau, the name of Suning Consumer Finance was changed to Nanyin Faba Consumer Finance Co., Ltd.

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