Septwolves released its 2024 annual performance, with a net profit attributable to the parent company of 285 million yuan, an increase of 5.35%

According to the Zhitong Finance APP, Septwolves (002029.SZ) released its 2024 annual report, showing that the company's operating income was 3.14 billion yuan, a year-on-year decrease of 8.84%. The net profit attributable to shareholders of the listed company was 285 million yuan, a year-on-year increase of 5.35%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 73.4696 million yuan, a year-on-year decrease of 60.86%. The basic earnings per share were 0.41 yuan. In addition, it plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders.

During the reporting period, the company combined brand renewal with channel innovation. It accelerated its entry into first- and second-tier cities, focusing on MALL expansion, developing franchise customers, increasing channel coverage, and enhancing store efficiency. The company restructured its store labels, explored future directions for stores based on strategic benchmark stores, and matched store image upgrades. During the reporting period, the company conducted marketing breakthroughs at strategic benchmark stores in several provincial capital cities, launched major brand events, and drove other cities to maintain market heat and vitality, promoting systematic brand upgrades. In addition, the company also increased systematic cooperation with outlet stores, fully utilizing this segment with the highest foot traffic in offline retail to drive sales, while setting up pop-up stores in high-end shopping centers to bring consumers new products and shopping experiences, enhance brand awareness, and assist in traffic conversion