Gome Electrical Appliances Holding is set to disclose its results for last year today, answering the question of how badly the retailer was hit by the fallout from former chairman Wong Kwong-yu's alleged stock manipulation. Trading in shares of the mainland's largest consumer electronics retailer has been suspended since November 24 last year, when Mr Wong was detained on allegations that he had manipulated trading in Sanlian Commercial and Beijing Centergate Technologies. It is widely believed trading will resume after the release of an independent audit on the financial condition of Hong Kong-listed Gome. New chairman Chen Xiao assured investors the company was sound, citing internal checks. Market watchers expect the stock to slump when trading resumes, unless the firm has secured funding from more investors or delivers better-than-expected operation results. According to a mean estimate of 12 analysts polled by Thomson Reuters, Gome is expected to report a 2.28 billion yuan (HK$2.59 billion) net profit on 49.65 billion yuan of sales revenue. That compares with rival Suning Appliance's 48.09 per cent earnings growth year on year to 2.17 billion yuan for last year. The Shenzhen-listed firm reported in February that sales amounted to 49.9 billion yuan. Shrinking home sales on the mainland since the second half of last year had already put pressure on Gome before the scandal. Analysts were concerned that Gome's trade and bills payable amounted to 14.3 billion yuan at the end of last June, and only 49 per cent of that was covered by 7 billion yuan in pledged deposits. To ease the pressure, the firm reportedly approached private equity funds to be strategic investors, but so far no deal has been reported. 'The predicament for investors is that they have no way to assess the risks,' said one analyst. 'With no details about Mr Wong's crimes, the political stake is weighing on the company.' Yang Lei, an analyst at ABN Amro, said that while Gome shares are not tradable now, investors still pay close attention to the company, which is reflected in the trading price of its convertible bonds. Mr Yang said the price of the bonds slumped about 40 per cent on news that Mr Wong was under investigation but has edged up recently. Mr Wong - who is the largest shareholder of Gome, with a 35.55 per cent stake - and his wife, Du Juan, no longer hold positions within the listed company. Since late November last year, when Mr Wong's alleged offences came to light, investigators say they have dug up an intricate web of wrongdoing that leads back to the mainland's richest man.