2023: Gome Retail Holdings reports RMB647m revenue, RMB10.057bn loss; announces streamlining, debt resolution amid slow demand recovery.

Gome Retail Holdings Limited reports 2023 annual revenue of RMB647m and a loss of RMB10.057bn, as the global economy remains in a trough and domestic demand recovery is slow. The company announces a streamlining transformation to focus on its main business and will implement multiple measures to resolve its debt. The home appliance industry demand decreased, and the overall retail recovery was not as expected.

March 29, 2024
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