Shenzhen Stock Exchange, 4/30/11
Chinese electronics retailer Suning (002024.SZ) has released its financial results for the first quarter of 2011, with operating revenues reaching RMB 20.58 bln, up 23.2% YoY.
Net income attributable to shareholders increased 27.1% YoY to RMB 1.12 bln.
In the first three months of 2011, Suning entered two more cities at the prefecture level and above, and opened 44 new retail outlets. The company currently has 1,348 retail outlets in 233 prefecture-level or higher cities.