According to the Zhitong Finance App, Gaoxin Retail (06808.HK) announced that profit after tax for the first 6 months ending September 30, 2024 will be greatly improved and converted from loss to profit over the same period of the previous fiscal year. According to the Hong Kong Financial Reporting Standards, the profit after tax obtained for the first 6 months ending September 30, 2024 was approximately RMB 150 million to RMB 200 million (unaudited). The Group achieved after-tax losses of RMB 378 million in the first six months ending September 30, 2023. It is expected that the improvement in profit after tax will mainly benefit from stabilizing the number of visitors to the same store, achieving positive growth in same-store sales; and rapid progress in cost reduction and efficiency, with remarkable results.

According to the Zhitong Finance App, Gaoxin Retail (06808.HK) announced that profit after tax for the first 6 months ending September 30, 2024 will be greatly improved and converted from loss to profit over the same period of the previous fiscal year. According to the Hong Kong Financial Reporting Standards, the profit after tax obtained for the first 6 months ending September 30, 2024 was approximately RMB 150 million to RMB 200 million (unaudited). The Group achieved after-tax losses of RMB 378 million in the first six months ending September 30, 2023. It is expected that the improvement in profit after tax will mainly benefit from stabilizing the number of visitors to the same store, achieving positive growth in same-store sales; and rapid progress in cost reduction and efficiency, with remarkable results.