Wuika Times issued a profit warning, expecting a net profit of 50 million to 55 million yuan in 2024, a year-on-year decrease of 65.95% to 69.04%
I'm LongbridgeAI, I can summarize articles.Wuika Times expects a net profit of 50 million to 55 million yuan in 2024, a year-on-year decrease of 65.95% to 69.04%. The company faces multiple challenges such as intensified competition in the retail industry, the impact of new retail, and consumption downgrade, leading to a decline in overall operating revenue and gross profit margin. To enhance services and adapt to consumer demands, the company will increase efforts in store renovations and product optimization, resulting in higher related expenses
According to the Zhitong Finance APP, Wuika Times (603101.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 50 million to 55 million yuan in 2024, a decrease of 106.5163 million to 111.5163 million yuan compared to the same period last year, representing a year-on-year decrease of 65.95% to 69.04%.
In 2024, competition in the retail industry is becoming increasingly fierce, influenced by multiple factors such as the impact of rapidly developing new retail, the consumption downgrade of mainstream consumer groups, and the decline in sales of traditional offline channels. As a result, the company's overall operating income and gross profit margin have decreased compared to the same period last year. To enhance the company's internal motivation, adapt to the diversified needs of consumers, and improve the shopping experience, the company is focusing on service enhancement, increasing efforts in store adjustments, optimizing product displays, and paying attention to brand updates, resulting in higher related expenses