SANFO OUTDOOR issues a profit warning, expecting a net loss of 20 million to 30 million yuan for the 2024 fiscal year, turning from profit to loss year-on-year
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SANFO OUTDOOR expects a net loss of 20 million to 30 million yuan for the fiscal year 2024, turning from profit to loss year-on-year. The main reasons are the termination of cooperation with some long-term distribution partner brands and the Klattermusen brand no longer being consolidated in the financial statements, which affects revenue. Although self-owned brands and exclusive agency brands have achieved good growth, the core business remains profitable, but overall losses are due to impairment losses recognized for the holding subsidiaries and other investment projects
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