According to Zhitoon Finance APP, Sunart Retail (06808) fell more than 3% in the afternoon. As of the publication, it fell 3.43% to HKD 1.69, with a turnover of HKD 5.6535 million.
According to media reports, multiple channels of Xiaorunfa, the sub-community supermarket format of Sunart Retail, have ceased operation. As for the business aspect, the official WeChat account and mini-program of Xiaorunfa have ceased operation and the store list cannot be displayed. Many Xiaorunfa stores in Nantong, Taixing, and other places have also closed and transferred out. Sunart Retail internally stated that "Xiaorunfa is indeed adjusting, but the statement that 'it will not be done' is not accurate and has not been fully confirmed."
According to Sunart Retail's financial report data, in the 2022-2023 fiscal year, Xiaorunfa has refocused on the Nantong area and closed 40 stores. In addition, in the 2024 fiscal year, Sunart Retail obtained a revenue of RMB 72.567 billion, a year-on-year decrease of 13.3%; shareholders' attributable loss was RMB 1.605 billion, compared with a year-on-year profit of RMB 109 million in the same period last year, a decline from profit to loss.