C.BANNER (01028) issues profit warning, expecting a net loss attributable to shareholders of approximately 150 million yuan in 2025, a year-on-year turnaround from profit to loss.

C.BANNER (01028) announces that it is expected to incur an estimated net loss attributable to shareholders of approximately RMB 150 million for the financial year ending December 31, 2025 (reporting period), while for the financial year ending December 31, 2024, the net profit attributable to shareholders is estimated to be approximately RMB 48 million. The expected net loss attributable to shareholders for the financial year ending December 31, 2025 is mainly due to (i) an impairment loss of approximately RMB 149 million recognized on trade debts owed by Beautiful Awa Enterprises (Nanjing) Co., Ltd. during the reporting period; and (ii) a decrease in revenue from the fashion footwear business of the Group due to the impact of tariffs and weak domestic consumption demand.