Cabbeen Fashion revenue falls 16% amid cautious spending

Cabbeen Fashion Limited reported revenue of RMB422.3m for the six months ended June 30, down from RMB505.5m in 2024. Gross profit fell to RMB185.1m from RMB237.6m, with margins dropping to 43.8% from 47.0%.

Despite the revenue decline, profit from operations increased to RMB51.3m from RMB42.9m due to higher other income and reduced operating expenses. Net profit reached RMB18.4m. Retail revenue across all channels decreased 8.2%, while inventory turnover days increased to 208 days.