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Can Huang Xiuhong, the sister of Huang Guangyu, the new chairman of Gome Electrical Appliances, win by surprise?

author:Beijing News

Beijing News Shell Financial News (reporter Chen Weicheng) On January 27, Shell financial reporter learned from Gome that gome electrical appliance company under Gome Holdings was adjusted, Huang Xiuhong was concurrently the chairman of Gome Electrical Appliances, Wang Bo was the CEO of Gome Electrical Appliances, and Li Juntao was the vice president of Gome Electrical Appliances.

Gome Holdings, also known as Gome Group, has a Hong Kong-listed company Gome Retail, and Gome Electrical Appliances is included in Gome Retail. Gome insiders told reporters that Gome Electric added a new chairman position. Huang Xiuhong is the sister of Huang Guangyu, the founder of Gome Group, and a senior vice president of Gome Holdings; Du Juan, CEO of Gome Holdings, is the wife of Huang Guangyu.

Huang Xiuhong joined Gome in 1991 and has served as financial supervisor, general manager of Beijing Gome, director of procurement center of Gome Headquarters, and general manager of Gome Shanghai Region. In 2009, he became the president of Gome Holding Group and the chairman of Pengrun Holdings Co., Ltd., the real estate business of Gome.

Previously, the CEO position of Gome Electric Appliances was held by Zhang Deju, a veteran minister of Gome, who left office in July 2021, and the authority was taken over by Wang Bo, VP of Gome Electric Appliances. Li Juntao is also an elderly man of Gome, who served as ceo of Gome Online.

On the eve of Huang Guangyu's return, Gome began a series of capital operations in 2020. In April 2020, Pinduoduo made a strategic investment of US$200 million convertible bonds in Gome. In May of that year, Gome issued a US$100 million convertible bond to JD.com, and the two sides will carry out in-depth cooperation in joint procurement, joint marketing, logistics services and other aspects.

"Strive to use the next 18 months to restore the original market position of the enterprise." On February 18, 2021, the day after the expiration of the parole test period, Huang Guangyu, the actual controller of Gome, said at the executive meeting of Gome Holding Group.

In April of that year, at the global investor conference call of Gome Retail, Huang Guangyu publicly claimed for the first time that in the future, Gome would use entertainment marketing as a means of competition, "In the future, whether from the expansion of scale or from the perspective of cost, I believe that the probability and speed of our success should be better than the speed of our peers in the same period." ”

Since 2021, Gome has deeply integrated its internal business. In January of that year, Gome launched the e-commerce "True Happiness" APP; subsequently, Gome split True Happiness and operated independently. In April of that year, Gome added code in the field of home improvement and launched the dress up home APP. In August of that year, Gome entered the field of discounts and launched the Gome Folding app.

Gome was once the boss of the home appliance offline channel, and Huang Guangyu was once the richest man in the mainland. However, in recent years, the retail market has been constantly changing, and Gome is also facing challenges. Gome Retail's financial report for the first half of 2021 shows that the sales revenue is about 26.040 billion yuan, an increase of 36.51% year-on-year; the attributable loss is 1.974 billion yuan, a year-on-year decrease of 24.74%.

According to the "China Home Appliance Market Report for the First Half of 2021" released by the China Electronics Information Industry Development Research Institute, JD.com ranked first with a share of 32.21%; Suning Tesco ranked second with a share of 18.87%; Tmall followed with 14.79% and Gome's share of 5.12%.

However, Gome is still full of confidence. In December 2021, on the occasion of Gome's 35th anniversary, Huang Guangyu, founder of Gome Group, said that over the past year or so, it has focused on the retail industry and home service industry, and systematically built a six-in-one all-retail ecological sharing platform of "online, offline, supply chain, sharing and co-construction, logistics, big data/cloud".

At that time, Huang Xiuhong said that in the next 5 years, Gome Group will rely on the resources and capabilities of the six platforms of the "all-retail ecological sharing platform" to focus on the five aspects of industry, talent, cultural revitalization, consumption, and love to help, ensure that the plan is implemented, effectively enhance the people's sense of happiness, sense of gain and security, fulfill corporate social responsibility with practical actions, serve the national strategy of rural revitalization, and inject positive energy into the construction of a new development pattern.

Edited by Xu Chao, proofread by Liu Baoqing