On July 9th, Gelunhui announced its performance forecast for the first half of 2024. The net income attributable to shareholders of the listed company during the reporting period is between 1 million yuan and 1.5 million yuan, a 95.51%-97.01% decrease from the same period last year; after deducting non-recurring profit and loss, the net income is between 1 million yuan and 1.5 million yuan, a 94.81%-96.54% decrease from the same period last year; basic earnings per share are between 0.002 yuan/share and 0.004 yuan/share.
Driven by a series of macroeconomic policies, the domestic market continues to improve overall. The company actively identifies consumer demand and continuously promotes the transformation of existing store formats, explores new models for marketing activities, and builds a good shopping experience through a combination of "brand + format + scene." However, affected by factors such as the complex and severe macroeconomic environment, insufficient effective market demand, and the need to boost consumer confidence, the performance of the existing stores of the company did not meet expectations.
The company is steadily advancing major investment projects and store hardware upgrades. The Shanghai 600 urban renewal project has been fully launched, and Shanghai 600 has officially closed and completed basic demolition work on the original building. HuiLian Shopping Center is implementing overall mall renovation and adjustments to the second and third floor formats. Huijin Department Store is implementing fifth floor mall adjustments and renovated the supporting facilities for the garage, resulting in a significant decrease in overall operating income, continued increase in transformation investment, and increase in fixed asset disposal, causing a significant impact on this period's performance. Excluding these factors, the company's performance is still lower than the same period last year.