NWDS CHINA: Mid-term profit increased by 88%, no dividend distribution

NWDS CHINA announced its interim results for the period ending December last year, with profit rising 87.57% year-on-year to HKD 3.108 million, and earnings per share of HKD 0.002, with no interim dividend declared. During the period, revenue was HKD 613 million, a year-on-year decrease of 11.83%, mainly due to a decline in sales commission income from counters and self-operated sales. Same-store sales decreased by 15.9%. The group stated that the retail industry is currently undergoing transformation, adjustment, and seeking new growth points. Consumer trends are also undergoing significant changes, with consumption gradually becoming more rational, the rise of service consumption, and live-streaming e-commerce reshaping sales channels, reflecting the diversification and personalization of consumer demand. The group will actively respond to market changes and seek new growth points