Summary by Futu AI
Naixue's Tea has published a profit warning for the year 2024, estimating annual revenue of approximately 4.8 to 5.1 billion yuan, with an adjusted net loss of about 880 to 0.97 billion yuan. Compared to the 2023 revenue of 5.164 billion yuan and an adjusted net profit of 20.9 million yuan, the company's performance has seen a significant decline. The decline is primarily influenced by a weak Consumer market, intensified competition in the tea Industry, and losses from store closures. The company stated it will implement a series of response measures, including optimizing existing stores and exploring more store formats, strengthening product innovation and brand marketing, upgrading its store Operation management system to enhance profitability, and reducing Operation costs through improved supply chain management and optimizing organizational structure. Despite facing challenges, the company emphasized that its current Operation status remains stable, with sufficient cash support for Business development. The Board of Directors is confident that these measures will bring ideal benefits to the group.
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