Sun Art Retail Group Expects Up to 1.7 Billion Yuan Loss in Fiscal Year 2024
Sun Art Retail Group (HKG:6808) expects a net loss of between 1.6 billion yuan to 1.7 billion yuan for the year ended March 31, 2024, compared with a net profit of 78 million yuan in the previous year
Changes in Hong Kong stocks | Gaoxin Retail (06808.HK) fell by more than 5% after the warning, impairment losses dragged down profits and estimated annual losses of more than 1.6 billion yuan
Gaoxin Retail (06808.HK) fell more than 5% after the announcement. As of press release, it was down 5.52% to HK$1.37, with a turnover of HK$10.353,200.
Selected announcements | Zhaojin Mining plans to raise a total of HK$1,742 billion; Chow Tai Fook's retail sales increased 12.4% year-on-year in the first three months
CRRC: Net profit increased by 50%-70% in the first quarter; Zhaojin Mining: Net profit increased 124% in the first quarter.
Hong Kong stocks are bullish this week | Electric power stocks are starting to soar! Huaneng International and Huadian International have increased by about 16% each week
Gold continued to soar, driving Hong Kong gold stocks to experience a strong rise. Zhaojin Mining surged more than 22% during the week.
Express News | Gaoxin Retail's profit warning is expected to achieve a net loss of about 1.6 billion yuan to 1.7 billion yuan year-on-year profit and loss
Gaoxin Retail (06808.HK) is expected to achieve a net loss of about 1.6 billion yuan to 1.7 billion yuan year-on-year profit and loss
Gaoxin Retail (06808.HK) announced that it expects the Group to make a net loss of approximately RMB 1.6 billion to RMB 1.7 billion (unaudited) for the year ended March 31, 2024 in accordance with the Hong Kong Financial Reporting Standards, compared to the net profit of RMB 78 million for the year ended March 31, 2023.
SUNART RETAIL: PROFIT WARNING
Liu Peng sold 38,900 common shares of the associated corporation of Gaoxin Retail (06808.HK), worth approximately US$355,700
On April 9, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 9, Liu Peng sold 38,900 common shares of Alibaba Group Holding Limited, a linked corporation worth about US$355,700, at an average price of US$9.1,342 per share on April 2. After the sale, Liu Peng's latest shareholding in the associated corporation was 299,300 shares, with a good position ratio of 0.00%. Additional information: The prices estimated in Box 30 have be
Gaoxin Retail (06808) granted a total of 25 million share options
Gaoxin Retail (06808) announced that on March 27, 2024, in accordance with the terms of the share option plan, the company...
Shen Hui took over as CEO of Gaoxin Retail, and former CEO Lin Xiaohai returned to Ali
Changes in Hong Kong stocks | Gaoxin Retail (06808) reversed the market and rose more than 9%, Shen Hui became an executive director and CEO. The company plans to open 15 more M member stores within three years
Gaoxin Retail (06808) reversed the market and rose by more than 9%. As of press release, it rose 5.67% to HK$1.49, with a turnover of HK$12.6072 million.
Express News | Shen Hui Appointed Executive Director and CEO of Gaoxin Retail
Gaoxin Retail (06808): Shen Hui appointed as Executive Director
Gaoxin Retail (06808) issued an announcement. (1) Starting from March 26, 2024, Lin Xiaohai will resign as the company manager...
Express News | Gaoxin Retail M member stores will continue to open. It is expected to open 15 more stores within three years
Bank Rating | Bank of America: Lowering Gaoxin's retail target price to HK$2, believes the company's profit visibility is still low
Glonghui, March 25 | Bank of America Securities released a report lowering Gaoxin's retail target price from HK$3.2 to HK$2, maintaining its “buy” rating. It is believed that the company is still not out of trouble. It is estimated that same-store sales will drop by medium to high units in the second half of this year, and revenue will drop by more than 10% year-on-year. The bank believes that the company's profit visibility is still low, mainly because consumers are shifting to higher value, which will drag down the average sales price of products, while the rise of other retail channels, such as discount stores, will also affect same-store sales performance. It is estimated that the number of large stores will decrease. In addition to slowing down overall sales, it will also cause losses related to amortization or sales. The main one has been rumored recently
Zhitong Hong Kong Stock Exchange Unravels | Easing expectations revive capital attacks the direction of economic recovery
After the Federal Reserve's seat was settled, backward Hong Kong stocks finally rebounded and went short. They remained above the gap throughout the day, and closed up 1.93%.
Changes in Hong Kong stocks | Gaoxin Retail (06808) rose more than 5%, the first Da Runfa Super company in Zhuhai denies being sold by Ali to COFCO
Gaoxin Retail (06808) rose more than 5%. As of press release, it rose 5.38% to HK$1.37, with a turnover of HK$205.12,800.
Is Ali rumored to be sold again? The response is here!
Hema and Da Runfa responded: “Fake.”
Express News | Gaoxin Retail promotes the opening of stores and opens the first Da Runfa Super in Zhuhai
Sun Art Retail Group to Vote on Renewal of Contracts With Alibaba Affiliates; Shares Rise 3%
Sun Art Retail Group (HKG:6808) shareholders will meet in Hong Kong on March 26 to vote on the renewal of contracts with affiliates of Alibaba Group (HKG:9988) for another three years, according to a Friday filing with the Hong Kong bourse.
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