Summary by Moomoo AI
In the fiscal year 2024, Baiguoyuan's performance shifted from profit to loss, with annual revenue decreasing by 9.8% year-on-year to 10.273 billion yuan, a gross profit decline of 41.9% to 0.764 billion yuan, and a net loss of 0.399 billion yuan, compared to a profit of 0.34 billion yuan in the same period last year. The Board of Directors proposed a final dividend of 0.0065 yuan per share.Affected by soft domestic consumption, the group took measures in the second half of 2024 to optimize product structure in order to meet Consumer demand for high-quality and high-cost performance products. The store network underwent optimization, reducing the number of franchise stores from 6,081 to 5,116, mainly by encouraging franchisees to relocate high-rent stores to areas with...Show More
Comment(0)
Reason For Report