Sun Art Retail Group warns of significant net loss for half-year
Sun Art Retail Group anticipates a net loss and a loss attributable to shareholders of approximately RMB110 million to RMB140 million for the six months ended September 30, 2025. This contrasts with a net profit of RMB186 million and a profit attributable to shareholders of RMB206 million for the same period in 2024.
The projected loss is mainly due to intensified market competition and weak consumption, resulting in a double-digit decline in revenue year-on-year. Additionally, a decline in rental income during proactive adjustments, approximately RMB150 million from optimizing the organizational structure in the Central China region, and a decrease in interest income have impacted profitability.
Despite the expected net loss, the company confirms its net cash position remains better than the same period last year. The board will consider an interim dividend, subject to distributable profits, retained earnings, and distributable reserves. Shareholders are advised to exercise caution.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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