Consumer Staples Jul 06, 2021 08:53 PM (GMT+8) · EqualOcean
Suning has released its performance forecast for the first half of 2021, showing that it expects a loss of CNY 2.5B to CNY 3.2B in the first half of the year. This is far more compared to the CNY 167M loss in the same period last year. During the period under review, the company encountered periodic challenges and difficulties. Revenue in the second quarter is expected to decline by more than 30% year-on-year, leading to a sharp decline in gross profit. At the same time, expenses are relatively rigid, resulting in a large loss in the second quarter. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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