Qiansheng Group Holdings (08475) announced results for the year ended August 31, 2023, with revenue of about 593...
According to the Zhitong Finance App, Qiansheng Group Holdings (08475) announced the results for the year ended August 31, 2023. The revenue was about 5.936 million yuan, a year-on-year decrease of about 55.44%. Owners of the parent company should have accounted for losses of 2,317 million yuan, a year-on-year decrease of 9.42%; loss per share was 5.1 percent.
According to the announcement, the decline in revenue was mainly due to a decline in demand and the number of new diners, changes in customer preferences, and an increase in the number of new competitors. The decrease in losses was mainly due to reduced gross profit, reduced employee costs, reduced other operating expenses, reduced impairment losses on plant and equipment, usage rights assets and intangible assets, and reduced depreciation and amortization during the year.