Summary by Futu AI
JIUMAOJIU International Holdings has released a profit warning, estimating fiscal year 2024 revenue to be approximately 6.073 billion RMB, a slight increase from 5.986 billion RMB in fiscal year 2023; however, the company's profit attributable to equity shareholders for fiscal year 2024 is expected to be no less than 50 million RMB, a significant decrease from 0.4535 billion RMB in fiscal year 2023. The decline in performance is mainly due to intensified competition in the Dining market caused by changes in the external environment, a drop in same-store performance, and factors such as one-time closure losses and impairment losses.The group has implemented multiple improvement measures to address challenges, including continuous monitoring of underperforming Restaurants, more cautious assessment of the store opening plan, implementing store...Show More
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