SHANSHAN brand issues a profit warning, expecting an annual net comprehensive profit of approximately 7 million yuan, a …
I'm LongbridgeAI, I can summarize articles.SHANSHAN brand issued a profit warning, expecting the annual consolidated net profit for the year ending December 31, 2025, to be approximately HKD 7 million, a year-on-year decline, with an expected profit of HKD 33.2 million for 2024. The expected decline in profit is mainly due to weak market demand and intensified competition among clothing brands, leading to pressure on the apparel industry in the second half of the year, with a decrease in order amounts from distributors and work uniform sales channels, affecting gross profit
According to the announcement from Shanshan (01749), the group expects to achieve a consolidated net profit of approximately RMB 7 million for the year ending December 31, 2025, and a consolidated net profit of approximately RMB 33.2 million for the year ending December 31, 2024.
The group anticipates that the decline in net profit is mainly due to factors such as weak market demand and intense competition among clothing brands. The apparel industry faced pressure and challenges in the second half of the year, leading to a decrease in order amounts from the group's distributors and work uniform sales channels, resulting in a decline in gross profit