Gelonghui March 20 丨Lifou China (02136.HK) announced,For the year ended 31 December 2022, revenue declined 13.2% to RMB1,128 million.The loss attributable to the owners of the company was RMB 24.4 million; the loss per share amounted to RMB 0.017 (2021: profit per share was RMB 0.098); the board of directors did not declare any dividends.

In order to cope with the difficult market environment, the Group adopted various strategies during the year, including optimizing the product portfolio, VIP loyalty programs, strengthening tenant relationships, and expanding the entire pipeline business. The Shanghai Jiuguang Center (“Shanghai Jiuguang Center”), positioned as a mid-range and high-end shopping, leisure and lifestyle center, opened at the end of November 2021, bringing synergies to the Group's existing Shanghai Jiuguang and Suzhou Jiuguang department stores. As a new growth engine for the Group's revenue, the revenue of Shanghai Jiuguang Center accounted for about 21% of the group's total revenue during the year.