Golden Cat Silver Cat (01815) announced that the net loss due to company owners for the 2022 fiscal year is about RMB...
According to the Zhitong Finance App, Golden Cat (01815) issued an announcement. Compared with the net loss attributable to company owners of approximately RMB 25.6 million in fiscal year 2022, the Group expects the net loss attributable to company owners to be RMB 25 million to RMB 40 million for the year ended December 31, 2023.
Continued losses were mainly due to the following factors: As far as the Group's new jewelry retail business segment is concerned, although sales in fiscal year 2023 increased compared to fiscal year 2022, this increase was mainly due to an increase in sales of gold products, and the gross margin of gold products was lower than that of other jewelry products, which led to a decline in the overall gross margin of this segment, which led to segment losses in fiscal year 2023; and as far as the Group's fresh food retail business division is concerned, the “Farmer and Shepherd” S2B2C platform is still in the consolidation stage, focusing on optimizing the cooperative store network and enriching products Type and adjust business strategies. Furthermore, pig prices in mainland China were generally lower in fiscal year 2023 than in fiscal year 2022, which led to a decrease in treasurer's intention to trade, thereby reducing pig trading volume. As a result of the above, sales in FY2023 were significantly lower than in FY2022, and sales costs and other related costs and expenses were significantly reduced accordingly. Overall, given its current state of development, the division has yet to start generating net profit in fiscal year 2023.