JIAHUA STORES H expects a reduction in mid-term net loss
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JIAHUA STORES H expects its interim net loss for the period ending June 30, 2024, to decrease to approximately RMB 2 million to 6 million, a significant reduction from the previous RMB 25.5 million. The reasons for the decrease in loss include increased self-operated sales incentives, reduced discounts, improved sales gross margin, and the recognition of approximately RMB 13.9 million in lease termination income, while continuing to implement cost-cutting measures
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