Ge Long Hui·2026-03-20 10:04Core Viewpoint - The company aims to enhance operational efficiency and innovation to stabilize its performance in 2025, as evidenced by its fourth-quarter results showing revenue growth and significant profit increase [1] Financial Performance - In Q4 2025, the company achieved a revenue of RMB 13.831 billion, representing a year-on-year increase of 2.81% [1] - The net profit attributable to the parent company was RMB 534 million, reflecting a year-on-year growth of 53.49% [1] - The gross margin for the main business improved by 0.51 percentage points year-on-year, with a notable increase of 4.12 percentage points in Q4 2025 [1] - The inventory turnover rate increased by approximately 10% year-on-year [1] - Excluding the impact of goodwill impairment, the net profit attributable to the parent company would have increased by 150.63% year-on-year [1] Strategic Initiatives - The company is leveraging the new duty-free policies in Hainan and the official closure of the island to boost sales, achieving record sales and customer traffic during the Spring Festival [1] - The company is steadily advancing key projects related to equity and asset acquisitions, facilitating efficient transitions and openings of key airport stores to capture domestic consumption and global tourist demand [1]