Sa Sa Sa International (00178) fell more than 7%. At press time, it was down 7.79% to HK$0.71, with a turnover of HK$2.157 million.
The Zhitong Finance App learned that Sa Sa Sa International (00178) fell by more than 7%. As of press release, it fell 7.79% to HK$0.71, with a turnover of HK$2.157 million.
According to the news, Sa Sa Sa International announced that for the fourth quarter (period) from January 1 to March 31, 2024, the Group's turnover fell 4.1% year over year to HK$1,041 million. Among them, the Group's offline sales fell 8.7% to HK$864.7 million, while the Group's online sales increased 27.1% to HK$176.2 million, accounting for 16.9% of the total turnover. On March 31, 2024, although the number of stores operated by the Group in the Hong Kong and Macau Special Administrative Regions decreased by 36 or 30.5% to 82 compared to before the pandemic, sales had recovered to 42.5% before the pandemic.
According to the announcement, under the influence of last year's high base, the total online and offline sales of the Hong Kong and Macau Special Administrative Region reached HK$807 million during this period, but there is still a difference of HK$66.5 million compared with the same period last year. Sa Sa Sa International admits that more and more Hong Kong residents are “going north” to spend in mainland cities, making the local market quiet, especially in residential areas close to the Shenzhen gateway. The situation was most obvious on weekends and public holidays, which affected sales during the period.