Cosmo Lady (02298) rose by more than 23%, as of press time, up 19.47%, at HKD 0.227, with a turnover of HKD 1.0184 million.
According to the Wisdom Financial App, Cosmo Lady (02298) rose by more than 23%, as of press time, up 19.47%, at HKD 0.227, with a turnover of HKD 1.0184 million.
On the news side, Cosmo Lady announced a profit alert, expecting a year-on-year increase of no less than 200% in the company's attributable profit for the six months ended June 30, 2024, compared with the same period in 2023, which is about RMB 26.129 million. This is mainly due to the expansion of e-commerce with affiliated businesses, which has increased market share and revenue. During the period, costs were effectively controlled while efficiency was improved. Several units of the industrial project located in Fenggang Town, Dongguan City have been delivered and accounted for during this period.
Zheng Yaonan, Chairman and CEO of Cosmo Lady, previously stated that it is expected to open more stores in Guangdong, Sichuan, Chongqing, Henan, Hubei and other provinces in 2024, and to prioritize the development of major provinces strategy and "thousand-strong towns" with better economic development, such as Humen, Dongguan and Xiaolan Town, Zhongshan, Guangdong. CICC previously stated that it is expected that net store openings are expected to drive revenue growth, while operating leverage is expected to drive profit margin improvement.