Summary
[Xiabuxiabu: estimated net loss in the first half of the year is about 40 million-60 million yuan]Xiabuxiabu announced on the Hong Kong Stock Exchange on the evening of July 29, The preliminary assessment of the audited consolidated management accounts and the current information obtained by the board of directors shows that compared with the revenue of approximately RMB 1.92 billion for the six months ended June 30, 2020, the Group expects the six months ended June 30, 2021 Revenue growth is expected to be approximately 59%. Compared with the net loss of approximately RMB 255 million recorded by the owners of the Company for the six months ended June 30, 2020, the Group expects to record a net loss of approximately RMB 255 million for the six months ended June 30, 2021. Approximately between RMB 40 million and RMB 60 million. (Interface News)
XiabuxiabuOn the evening of July 29 at the Hong Kong Stock Exchangeannouncement, Based on the preliminary assessment of the Group’s unaudited consolidated management accounts for the six months ended June 30, 2021 and the information currently available to the Board of Directors, the revenue for the six months ended June 30, 2020 was approximately RMB 1.92 billion Yuan, the Group expects revenue growth for the six months ended June 30, 2021 to be approximately 59%. Compared with the net loss of approximately RMB 255 million recorded by the owners of the Company for the six months ended June 30, 2020, the Group expects to record a net loss of approximately RMB 255 million for the six months ended June 30, 2021. Approximately between RMB 40 million and RMB 60 million.
According to the announcement, compared with the first half of 2020, the company’s net loss in the first half of 2021 has narrowed significantly, but it still failed to achieve profitability.The main reasons for these losses include: the provision of asset impairment losses of approximately RMB 120 million, the company expects to close for the whole yearXiabuxiabuThe brand’s loss-making stores are about 200; in the first half of 2021, some areas of store operations are still affected by the new crown epidemic and cannot be fully opened.
(Article Source: Interface News)
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