Ajisen (China) (00538) announced that the group is expected to obtain profits attributable to company owners of about RMB 160 million to RMB 220 million in 2023, while losses attributable to company owners are approximately RMB 143.9 million in 2022, turning a year-on-year loss into a profit.
The board of directors believes that the Group's better financial performance compared to the same period in 2022 is mainly due to the increase in store revenue compared to the same period last year. Furthermore, the strategy of gradually closing less than ideal stores over the past two years to improve overall profitability has achieved initial results.