CICC released a research report stating that while maintaining Gaoxin Retail's (06808.HK) “outperforming the industry” rating, the net profit forecast for fiscal year 2025 remains unchanged, introducing a net profit forecast of 380 million yuan for fiscal year 2026, with a target price of HK$2.3 million. The company announced financial results for the 2024 fiscal year (ending March 31): revenue of 72.57 billion yuan, down 13.3%; net loss to mother of 1.61 billion yuan (net profit of the previous year), in line with performance forecasts and market expectations. Excluding impairment losses, an operating profit of 340 million yuan and an operating profit margin of 0.5% was achieved.