Gelonghui, November 12, 丨 Gaoxin Retail (06808.HK) announced that for the six months ended September 30, 2024, revenue from sales of goods was RMB 33.186 billion; profit attributable to company owners was RMB 0.206 billion, an increase of RMB 0.565 billion over the reversal of losses of RMB 0.359 billion for the period ending September 30, 2023, or RMB 0.565 billion, an increase of 157.4%. Earnings per share were $0.02.
For the six months ended September 30, 2024, same-store sales growth (based on product sales excluding supply chain business) was 0.3%. The increase in same-store sales mainly comes from an increase in customer unit prices. Low price strategies and product strategies enhance user mentality, drive an increase in individual pens, and increase user stickiness. Offline revenue performance is gradually picking up and stabilizing, and new online channels and own apps have become the driving force for same-store sales growth.
