Li & Fung: Expected net loss of approximately 86 million yuan in 2024

On January 16th, Jin10 Data reported that Laiyifen announced that it is expected that the net profit of vesting shareholders of the listed company in 2024 will be about -86 million yuan. In 2024, the company's main business is facing greater market challenges in the main sales area, which has led to a decline in sales in the East China region. At the same time, the company's strategic adjustment of some sales channels and optimization of operating models during the transformation period have resulted in performance that is lower than expected. Since the third quarter of this year, the company has responded to market demand by launching new store models and conducting optimization work on some stores.