JIAHUA STORES H (00602) Expects Reduction in Interim Net Losses
Stock News
Aug 25
JIAHUA STORES H (00602) announced that the Group's net losses are expected to decrease from approximately RMB 25.5 million (unaudited) for the six months ended June 30, 2024, to approximately RMB 2 million to RMB 6 million for the six months ended June 30, 2025. The Group's expected reduction in net losses is primarily attributable to increased gross profit resulting from measures including increased self-operated sales incentives, reduced discounts, and increased sales of higher gross margin merchandise, recognition of a gain of approximately RMB 13.9 million from early termination of lease agreements, and ongoing cost reduction initiatives.
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