shares in chinese appliance retailer huiyin fall 5% after profit warning - electrical appliance suppliers
Listing deals in mid-sized Huiyin household appliances
The size of China's electrical retail chain stores fell 5.
2% today, the company issued a warning on its earnings outlook.
In a statement after Friday's stock trading, the company said net profit in the first half was "expected to be significantly lower than the same period in 2011 ".
The decline "is mainly due to macro policy and the increasing cost pressure of the Chinese home appliance industry, which may be adversely affected by the provisions made by the group (if any), after the payment to the supplier (sic)
In the first half of 2012, the upstream industry increased operational pressure.
Huiyin's brands include Siemens, Gree, sharp, Haier and Samsung.
Stocks in JiangsuProvince-
Over the past year, companies at headquarters have lost 70% of their value.
Gome, controlled by detained Chinese billionaire Huang Guangyu, said net profit in the first quarter could fall by 88% after the company warned of a decline.
Its share price has fallen 60% in the past year.
Gome's stock has not changed in Hong Kong today.
Huang Guangyu, who served his sentence for financial crimes, ranked first.
Forbes ranked 634 in the list of billionaires, with $2 billion in wealth.
Bain Capital owns a 11% stake in Gome.
Gome and Huiyin also worked with Suning Appliance, e-
Business organizations like the United StatesS. -
Dangdang listed, Best Buy local subsidiaries.
Shares in Dangdang have fallen by more than 40% over the past year, due to fierce online competition and a slowdown in China's economic growth.