LIFESTYLE CHI issued a profit warning, expecting an annual loss attributable to shareholders of no more than 23 million yuan, a year-on-year turnaround from profit to loss
According to the announcement from LIFESTYLE CHI, compared to a profit of approximately RMB 87.7 million for the year ending December 31, 2023, it is expected that for the year ending December 31, 2024, the group will incur a loss attributable to owners of no more than RMB 23 million. The expected shift from profit to loss is mainly due to cautious domestic consumer sentiment and continued rational consumption behavior, resulting in a decline in the group's annual sales and share of profits from joint ventures
According to the announcement from LIFESTYLE CHI (02136), compared to a profit of approximately RMB 87.7 million for the year ending December 31, 2023, it is expected that for the year ending December 31, 2024, the group will incur a loss attributable to owners of no more than RMB 23 million. The expected shift from profit to loss is mainly due to cautious domestic consumer sentiment and continued rational consumption behavior, resulting in a decline in the group's annual sales and share of profits from joint ventures
