Glonghui, May 23 | J.P. Morgan Chase released a report stating that Gaoxin retail lost 1.6 billion yuan in profit and loss in the previous fiscal year. Management pointed out during the telephone briefing that same-store sales trends and profitability in April and May showed signs of improvement and exceeded their expectations, so the goal for fiscal year 2025 is for same-store sales to remain flat or slightly increase year by year, rent income remains stable, and at the same time turn a loss into a profit. Motong lowered Gaoxin's retail target price from HK$2.8 to HK$2.5, mainly due to profit revisions, and reiterated the “buy” rating. It believes that negative factors have basically been reflected, and it is expected that any turnaround will drive a significant rebound in stock prices. If Gaoxin Retail can monetize its own stores, there will be room for potential increases in stock prices.