Zitong Financial App NewsletterNew World Department Store China (00825)According to the announcement, for the year ended June 30, 2021, same-store sales increased by 3.9%, compared with 26.6% in the previous year. The company realized an income of HK $2.246 billion, an increase of 0.59% over the same period last year, and an annual loss of HK $229 million, narrowing by 52.58% compared with the same period last year. the basic loss per share is HK0.14 cents.

The announcement said that the group, like other retailers, is facing the challenge of the epidemic and its negative economic impact. The group has been actively taking a number of measures to reduce costs, optimize the store business model, improve operational efficiency, and ensure steady and sustainable business development, including accelerating the improvement of online business operation and marketing capabilities, repositioning and upgrading stores, and strengthening product attractiveness and over-the-counter sales ability. In order to continuously enhance the core competitiveness of the company. Strive to explore innovative business models, improve the level of retail business, and actively restore business to the pre-epidemic level.