SHANSHAN (01749) issued a profit warning, expecting a year-end comprehensive net profit of around 7 million yuan, a decrease compared to the previous year.
Shanshan brand (01749) issued an announcement, expecting the group to achieve a net comprehensive surplus of approximately RMB 7 million for the year ending December 31, 2025, and a net comprehensive surplus of approximately RMB 33.2 million for the year ending December 31, 2024, after audit.
SHANSHAN (01749) announced that it is expecting a net profit of approximately RMB 70 million for the fiscal year ending on December 31, 2025, while the audited net profit for the fiscal year ending on December 31, 2024 is approximately RMB 332 million.
The expected decrease in net profit is mainly due to factors such as weak market demand and intense competition in the clothing brand industry. The clothing industry faced pressure and challenges in the second half of the year, leading to a decrease in orders from distributors and workwear sales channels, resulting in a decrease in gross profit.
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