Core Viewpoint - Baoshan International (3813.HK) expects a mid-term profit attributable to shareholders of approximately 188 million yuan for the period ending June, representing a year-on-year decline of 44.1% [1] Financial Performance - The company anticipates a mid-term profit of 336 million yuan for the fiscal year 2024, with earnings per share of 6.48 cents [1] - Same-store sales are projected to decline between 10% to 20% due to various adverse factors [1] Market Conditions - Consumer confidence in mainland China remains low, leading to high inventory levels and weak customer traffic [1] - Intense price competition has further exacerbated the sales momentum of the retail network [1] Operational Challenges - The performance of the franchise channels has been significantly impacted by weak customer traffic in lower-tier cities [1] - Despite stringent cost control measures, the decline in sales scale has resulted in operational leverage issues, alongside increased discounting in a promotional environment, affecting the company's profitability [1]
宝胜国际：料中期盈利同比下跌44.1%