Kidsland intl (02122) announced its mid-term performance for 2024, with revenue of 0.494 billion yuan, a decrease of 15% year-on-year....
According to the announcement, the decrease in revenue was due to weak market sentiment and downgraded consumption, with consumers being more cautious and price-conscious.
The group's gross margin increased from 33.8% in the previous period to 34.0% in the reporting period, mainly due to the exploration of innovative products and optimization of product mix, offsetting the short-term compression of gross margin due to clearance activities.
During the reporting period, the clearance activities continued to reduce inventory backlog. The inventory turnover days decreased to 159 days and the cash conversion cycle improved to 117 days (compared to 189 days and 151 days in the previous period), enabling the group to maintain agility and adapt to future development on a healthier basis.