Summary by Moomoo AI
Helen International has issued a profit warning, predicting that the revenue for the fiscal year 2024 will range from 0.73 billion to 0.78 billion RMB, a significant decrease compared to about 1.21 billion RMB in fiscal year 2023. The company expects to record an attributable loss to owners of approximately 60 million to 90 million RMB for fiscal year 2024, whereas it recorded a profit of about 0.1805 billion RMB in fiscal year 2023. As of March 18, 2025, the total number of stores in the group's network has grown to 579.The decline in performance is primarily influenced by three major factors: first, the overall downturn in the domestic Real Estate market led to a decrease in the fair value of office properties, resulting in an impairment loss of approximately 50 million...Show More
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