For the final quarter ending 31 December 2023, the Group anticipates that the upcoming year-end festivities and holiday seasons will boost shopper traffic to our retailing stores and contribute an encouraging operating performance for the Group.
HIGHLIGHTS Total operating revenues for the Third Quarter (“3Q2023”) and the First Nine Months of The Year (“9M2023”) are RMB1,000.1 million and RMB3,218.3 million respectively, representing an increase of 7.3% and 10.0% respectively as compared to the corresponding period last year. Same store sales (“SSS”) decreased by 3.8% in 3Q2023 and increased by 2.2% in 9M2023. Profit from operations for 3Q2023 was RMB125.1 million. Profit from operations for 9M2023 increased by RMB357.2 million to RMB389.9 million as compared to the corresponding period last year of RMB32.7 million, representing an increase of 1093.8%. Profit attributable to owners of the Company in 9M2023 was RMB67.3 million as compared to loss attributable to owners of the Company of RMB241.3 million in the corresponding period last year.