The rumor that "Gome was exposed to stop paying employees' wages" made it to the hot search list on the evening of November 3.

That night, a number of industry insiders close to Gome told the First Financial Reporter that Gome was negotiating financing with Xiamen C&D Group.

A GOME insider told reporters, "The company only hinted that wages may be delayed in the next six months, not that wages will not be paid."

　　The GOME insider also said that under the dual pressure of the current economic environment and the epidemic, most private enterprises in China, especially physical retail enterprises, are under great pressure on cash flow.

Gome's operation is no problem whether it is a brand or a network, as well as the team's sales ability. The biggest problem is from liquidity.

　　An industry insider told reporters that Gome is going to raise 10 billion yuan from Xiamen C&D Group as a closed fund to support business operations.

Another industry insider also said that he heard that the two sides have contacted and negotiated.

Another industry insider said that at the beginning of this week, both Gome and Xiamen C&D Group had signed the contract, and the specific financing amount was not very clear. Related parties are also unclear.

　　According to public information, Xiamen C&D Group is a state-owned enterprise in Xiamen, founded in 1980.

After more than 40 years, it has developed into a large-scale industrial investment enterprise group in Fujian Province with a registered capital of 6.75 billion yuan and an annual operating income of more than 700 billion yuan. Industrial investment and other fields.

　　The above-mentioned industry sources revealed that Gome's employees' wages in September will not be paid until after the "Double Eleven" period, and may be paid in November.

　　Gome Retail (00493.HK) announced on October 21 and 28 that since 2022, due to the impact of the epidemic, the consumer market environment has been complex and changeable, posing challenges to the retail industry, and the company's business has also been significantly affected.

In the first three quarters of this year, sales revenue will decline by about 55%-60% year-on-year, and the net profit loss attributable to the parent in 2022 is expected to expand by 35%-65% year-on-year.

　　The announcement also revealed that the decline in revenue caused the overdue loans payable to financial institutions by Gome Retail. As of September 30, 2022, Gome Retail’s overdue loans were about 3 billion yuan; the company’s shares in Beijing Zhongguancun (000931.SZ) were frozen about 55 million share.

The company is actively discussing with relevant banks and financial institutions to modify loan terms or extend loan terms.

　　Gome Retail said that it will continue to promote its strategic focus and focus on the vertical model, focusing on deepening and thoroughness in the main business of household appliances and consumer electronics retailing.

The company's management will take cost reduction and efficiency enhancement as its main strategic goal, and strive to improve the company's operating capabilities by closing inefficient stores, reorganizing business segments, and optimizing organizational structure. Consumer service experience.

　　On November 3, Gome Retail's share price fell 3.88% to HK$0.124 per share.

In September this year, Huang Guangyu, the founder of Gome, and his wife reduced their holdings of Gome Retail twice, cashing out a total of about HK$548 million.

The above-mentioned industry insiders believe that Huang Guangyu reduced his holdings in Gome Retail last year at a price of more than 2 Hong Kong dollars per share, and recently reduced his holdings at a price of less than 0.2 Hong Kong dollars per share, which also reflects the recent shortage of funds in the Gome department.

　　As of press time, relevant persons from Gome Retail and Gome Headquarters have not yet made an official response to the inquiries of the first financial reporter.