On July 31, 2024, Huisen Intl. (Huisen Share Capital Group Co., Ltd.) issued a profit warning, expecting a loss of approximately RMB 250-350 million for the six months ending June 30, 2024. In comparison, a profit of approximately RMB 160 million was recorded for the same period in 2023. The loss is primarily due to the continued sluggish global economy and the decline in the home furnishing industry's prosperity, as well as the impact of China-US trade tariffs on comprehensive gross margin. The company's board of directors reminds shareholders and potential investors to be cautious when buying or selling company securities, and will publish unaudited interim performance announcements by the end of August 2024.

On July 31, 2024, Huisen Intl. (Huisen Share Capital Group Co., Ltd.) issued a profit warning, expecting a loss of approximately RMB 250-350 million for the six months ending June 30, 2024. In comparison, a profit of approximately RMB 160 million was recorded for the same period in 2023. The loss is primarily due to the continued sluggish global economy and the decline in the home furnishing industry's prosperity, as well as the impact of China-US trade tariffs on comprehensive gross margin. The company's board of directors reminds shareholders and potential investors to be cautious when buying or selling company securities, and will publish unaudited interim performance announcements by the end of August 2024.