Arrow Home Furnishings issued a profit warning, with a net profit of 50 million to 70 million yuan for the year 2024, a decrease of 83.52% to 88.23%

Arrow released its 2024 annual performance forecast, expecting a net profit of 50 million to 70 million yuan, a year-on-year decrease of 83.52% to 88.23%. Affected by intensified competition in the bathroom industry, operating revenue is approximately 7.149 billion yuan, a year-on-year decrease of about 6.52%. The gross profit margin is approximately 26.28%, a year-on-year decrease of about 2.06%. The company plans to enhance product planning capabilities, optimize sales structure, accelerate the launch of new products and store upgrades, and focus on the consumer goods trade-in policy to improve profitability