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Optimistic Investors Push A-Zenith Home Furnishings Co., Ltd. (SHSE:603389) Shares Up 37% But Growth Is Lacking
A-zenith home furnishings Co., Ltd. Announcement on the Pre-loss of Performance for the First Half of 2024.
A-zenith Home Furnishings (603389.SH): Net loss is expected to be 25-30 million yuan in the first half of the year.
On July 9th, Gelonhui reported that A-zenith home furnishings (603389.SH) estimates that the net income attributable to the owners of the parent company for the first half of 2024 will be between -30 million yuan to -25 million yuan. The projected net income after deducting non-recurring gains and losses for the first half of 2024 is expected to be between -31 million yuan to -26 million yuan. Due to the downgrading of furniture consumption and changes in consumer habits, the high-end furniture customer base has decreased, the company's physical store traffic is insufficient, the distribution channel expansion is lower than expected, and there has been no significant improvement in channel size and quality.
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