According to Zhitong Finance APP, Shunten intl (00932) announced that the group expects to record an unaudited consolidated loss attributable to equity holders of the company ranging from approximately 2 million HKD to approximately 6 million HKD for the six months ending on September 30, 2024, while for the six months ending on September 30, 2023, the consolidated profit attributable to equity holders of the company was approximately 10.8 million HKD.

The board of directors believes that the expected loss is mainly due to the following factors: the weak conditions in the local retail market and the weakened consumer sentiment in Hong Kong and Macau, as well as a decline in travelers' spending power and changes in consumption patterns, which have led to a decrease in revenue and gross profit; and the fair value of investment properties during the relevant period has decreased.

In addition, the group has sufficient liquidity and continues to maintain a sustainable and healthy business operation. The group focuses on implementing effective measures to expand business channels, strengthen brand image, optimize cost structure, and enhance the company's competitive advantages. The company will leverage its strengths to commit to long-term improvement in business performance.