Suning Appliance Co Ltd Announces FY 2012 Net Profit Outlook Below Analysts' Estimate

Suning Appliance Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to decrease by 40%~30% (RMB 2,892,356,000~ RMB 3,374,416,000), compared to the net profit of FY 2011 (RMB 4,820,594,000). The Company cited the steady growth of online sales business as the main reason for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 3,711.37 million.