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SLING GROUP: Annual Report 2024
SLING GROUP: ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
SLING GROUP (08285.HK) issues a profit warning: it is expected that the annual net loss will not be less than 8.8 million yuan.
Gelonghui, on January 23, announced that SLING GROUP (08285.HK) management expects that for the year ending December 31, 2024, the net audited loss will not be less than approximately 8.8 million yuan, compared to the net audited loss of 7.3 million yuan for the year ending December 31, 2023. The announcement stated that the increase in net loss is mainly due to the combined impact of the following factors: a decline in sales of women's handbags in China due to weak Consumer interest; a slight decrease in gross margin; and an increase in financial costs.
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