Ribo Fashion announced its 2024 annual performance, with a net loss of 159 million yuan, turning from profit to loss year-on-year
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Ribo Fashion released its 2024 annual report, reporting a net loss of 159 million yuan, a shift from profit to loss year-on-year, with operating revenue of 866 million yuan, a year-on-year decrease of 15.68%. The reasons for the loss include changes in the external consumption environment, closure of inefficient stores, and adjustments to the product structure of online sales. In addition, due to the re-planning of commercial office building construction projects, there was an impairment of construction in progress assets amounting to 72.2587 million yuan
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