Aoxinwu's parent company CEC International turned from profit to loss, with a half-year loss of 28.65 million, stating that "it could not predict when the market would recover."

hkcd.com
2024.12.17 08:47
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Axinwu's parent company CEC INT'L HOLD announced its interim results for the period ending at the end of October, reporting a loss of HKD 28.648 million, compared to a profit of HKD 330,000 in the same period last year, with no interim dividend declared. Revenue was HKD 702 million, a decrease of 6.5% year-on-year. Retail business revenue declined, and management stated that they could not predict when the market would recover, expecting difficulties to continue. During the period, 5 stores were closed, with a net increase of 4 stores, and operating area decreased by 3%. Management will review lease agreements and adjust rents to improve profitability