Core Viewpoint - The company anticipates a decline in revenue and profit for the upcoming six months, reflecting challenges in the retail environment and consumer confidence in the Chinese market [1] Financial Performance - Expected revenue for the six months ending June 30, 2025, is approximately RMB 9.159 billion, representing a decrease of about 8.3% compared to the same period last year [1] - The profit attributable to the company's owners is projected to be around RMB 188 million, down approximately 44.1% year-on-year [1] Market Conditions - The company faces a rapidly changing consumer landscape, with low consumer confidence in mainland China and high inventory levels leading to weak foot traffic and intense price competition [1] - Same-store sales are expected to decline by 10% to 20%, indicating a significant slowdown in sales momentum across the retail network [1] - Lower-tier cities are also experiencing weak foot traffic, adversely affecting the performance of the company's franchise channels [1] Operational Challenges - Despite stringent cost control measures, the decline in sales volume has resulted in operational deleveraging, compounded by increased discounting in a promotional environment, which negatively impacts profitability [1]
宝胜国际(03813)发盈警，预期上半年股东应占溢利同比减少约44.1%