On July 19, 2024, Jiumaojiu International Holdings Limited issued a profit warning, expecting that the group's revenue for the six-month period ending on June 30, 2024 will be approximately RMB 306.4 million, a YoY increase of 6.4%. However, the group's expected equity shareholders' net profit for the same period will be no less than RMB 67.0 million, a significant decrease of not more than 69.8% from the RMB 222.2 million in the same period last year. The board of directors pointed out that the decrease in net profit is mainly due to changes in customer consumption habits, a decrease in single-store revenue, lagging cost control measures, and asset impairment losses. The company is implementing new business models and cost control measures to improve its operational performance and is expected to announce detailed mid-term performance in August 2024.

On July 19, 2024, Jiumaojiu International Holdings Limited issued a profit warning, expecting that the group's revenue for the six-month period ending on June 30, 2024 will be approximately RMB 306.4 million, a YoY increase of 6.4%. However, the group's expected equity shareholders' net profit for the same period will be no less than RMB 67.0 million, a significant decrease of not more than 69.8% from the RMB 222.2 million in the same period last year. The board of directors pointed out that the decrease in net profit is mainly due to changes in customer consumption habits, a decrease in single-store revenue, lagging cost control measures, and asset impairment losses. The company is implementing new business models and cost control measures to improve its operational performance and is expected to announce detailed mid-term performance in August 2024.