Fashion Daily: Net profit is expected to be a loss of 140 million to 160 million yuan in 2024

Jinshi data news on January 15th, Ribo Fashion announced in the evening that, according to the preliminary calculation of the finance department, it is expected to achieve a net loss of RMB 140 million to RMB 160 million attributable to the shareholders of the listed company in 2024, which was a profit of RMB 17.067 million in the same period last year, and a loss will occur compared with the same period last year. The reasons for the loss during the reporting period are: first, the decrease in operating income, and the significant impact of fixed expenses such as store rent, property management, personnel salaries, design and development, and marketing promotion, resulting in a decrease in net profit; second, the company’s planned restart of the construction project for commercial and office buildings, due to the redesign, part of the cost of the construction in progress that has been invested cannot be utilized. After evaluation, the above changes will result in the impairment of construction in progress assets of RMB 72.2587 million.