Wei Fang - GOME Retail CFO

GMELF Stock  USD 0  0.00  0.00%   

CFO

Mr. Fang Wei is Chief Financial Officer of GOME Electrical Appliances Holding Limited. He was redesignated as the Chief Financial Officer of the Group since September 2011. He is also a director of certain subsidiaries of the Company. Mr. Fang is responsible for the overall planning and implementation of the Groups financial management as well as the Internet business operations of the Group. Mr. Fang also participates in major decision making in relation to the investment, financing and operations of the Group. Mr. Fang is a graduate of the accounting faculty of Central University of Finance and Economics and a holder of a master degree in management. He is qualified as a senior accountant and senior economist in China. He is also a fellow member of the Chartered Global Management Accountant association and a fellow member of Institute of Public Accountants of Australia. Mr. Fang joined the Group in January 2005, had held positions as assistant director and the director of the finance centre of the Group, and was granted the Special Contribution Award for Year 2011 and Contribution in Supporting New Business Award by the Group since 2011.
Age 51
Tenure 14 years
Phone852 2122 9133
Webhttps://www.gome.com.hk
Fang was named as the Talented Youth of Retail Sector in China for Year 2008, Ten HighProfile Persons in Cash Management for Year, China’s Top 10 Outstanding CFO of 2014, 2015 Finance Leader, 2015 Outstanding Global Finance Leader in China, China Annual Figure as CFO in 2015 Intelligent and Innovative Global Finance in China in 2017 – Outstanding Leader and Golden Horse Award of Ecommerce Pioneer in China in 2017, among others, due to his performance in financial management.

GOME Retail Management Efficiency

The company has return on total asset (ROA) of (0.0447) % which means that it has lost $0.0447 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.6334) %, 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.
GOME Retail Holdings has accumulated 6.14 B in total debt with debt to equity ratio (D/E) of 2.24, implying the company greatly relies on financing operations through barrowing. GOME Retail Holdings has a current ratio of 0.49, 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.

Similar Executives

Found 3 records

CFO Age

Matthew BilunasBest Buy Co
51
Mike RecuperoGameStop Corp
46
Rex JacksonChargePoint Holdings
64
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 25701 people. GOME Retail Holdings [GMELF] 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.
Jing He, Chief Officer
Xiaochun Zou, Ex Director
Xiu Huang, Non-Executive Director
Wei Fang, CFO
Wei Ding, Ltd Co
Zhao Liming, Retail VP
Cheng Yik, Financial Controller
King Szeto, Company Secretary
Qiu Wei, Sr. VP

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.

Currently Active Assets on Macroaxis

Other Information on Investing in GOME Pink Sheet

GOME Retail financial ratios help investors to determine whether GOME Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GOME with respect to the benefits of owning GOME Retail security.