Kong Lee - GOME Retail Independent Non-Executive Director

Director

Mr. Lee Kong Wai Conway is an Independent NonExecutive Director of GOME Electrical Appliances Holding Ltd., since March 10, 2011. Mr. Lee received a bachelors degree in arts from the Kingston University in London in July 1980 and further obtained his postgraduate diploma in business from the Curtin University of Technology in Australia in February 1988. Mr. Lee served as a partner of Ernst Young for 29 years until 2009 and had held key leadership positions in the development of such firm in China. Mr. Lee is a member of the Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants in Australia and New Zealand, the Association of Chartered Certified Accountants, the Hong Kong Institute of Certified Public Accountants and the Macau Society of Registered Accountants. Mr. Lee was an independent nonexecutive director of Chaowei Power Holdings Limited, West China Cement Limited, China Modern Dairy Holdings Limited, Tibet 5100 Water Resources Holdings Ltd., NVC Lighting Holding Limited, Yashili International Holdings Limited, GCL New Energy Holdings Limited, WH Group Limited, China Rundong Auto Group Limited and Guotai Junan Securities Limited since June 2010, July 2010, October 2010, March 2011, November 2012, November 2013, May 2014, August 2014, August 2014 and April 2017, respectively. Moreover, Mr. Lee was a nonexecutive director and the deputy chairman of Merry Garden Holdings Limited from July 2014 to September 2015. Mr. Lee was an independent nonexecutive director of Sino Vanadium Inc., China Taiping Insurance Holdings Company Limited and CITIC Securities Company Limited. since 2011.
Age 62
Tenure 13 years
Phone852 2122 9133
Webhttps://www.gome.com.hk

GOME Retail Management Efficiency

The company has return on total asset (ROA) of (3.7) % which means that it has lost $3.7 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (50.63) %, meaning that it generated substantial loss on money invested by shareholders. GOME Retail's management efficiency ratios could be used to measure how well GOME Retail manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 36.42 B in total debt with debt to equity ratio (D/E) of 2.07, implying the company greatly relies on financing operations through barrowing. GOME Retail Holdings has a current ratio of 0.58, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist GOME Retail until it has trouble settling it off, either with new capital or with free cash flow. So, GOME Retail's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GOME Retail Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GOME to invest in growth at high rates of return. When we think about GOME Retail's use of debt, we should always consider it together with cash and equity.

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GOME Retail Holdings Limited, together with its subsidiaries, engages in the retail of electrical appliances, consumer electronic products, and general merchandise in the Peoples Republic of China. GOME Retail Holdings Limited was founded in 1987 and is headquartered in Central, Hong Kong. Gome Retail operates under Specialty Retail classification in the United States and is traded on OTC Exchange. It employs 32278 people. GOME Retail Holdings [GMELY] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

GOME Retail Holdings Leadership Team

Elected by the shareholders, the GOME Retail's board of directors comprises two types of representatives: GOME Retail inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GOME. The board's role is to monitor GOME Retail's management team and ensure that shareholders' interests are well served. GOME Retail's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GOME Retail's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hong Liu, Independent Non-Executive Director
Hai Ma, Vice President of GOME Appliance
Sing Yu, Non-Executive Director
Gui Mu, Senior Vice President
Da Zhang, Non-Executive Chairman of the Board
Wai Ng, Independent Non-Executive Director
Yik Cheng, Investor Relations
Gao Wang, Independent Non-Executive Director
Yi Lv, Vice President
King Szeto, Company Secretary
Jun Wang, President
Yang He, Senior Vice President
Kongwai Lee, Independent Non-Executive Director
Jun Li, Sr. VP
Xiu Huang, Non-Executive Director
Kong Lee, Independent Non-Executive Director
Wei Fang, CFO
Jun Guo, Senior Vice President
Xiao Zou, Executive Director, Member of Nomination Committee and Member of Remuneration Committee
Qiu Wei, Sr. VP
Cheng Eric, IR Contact Officer

GOME Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is GOME Retail a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in GOME Pink Sheet

If you are still planning to invest in GOME Retail Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the GOME Retail's history and understand the potential risks before investing.
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