02488.HK expects to turn a loss into a profit in 2021 and conservatively expects to record a consolidated profit of not less than RMB 90 million for the year ended December 31, 2021 (the same below), and a consolidated loss of about RMB 120 million for 2020.
The board of directors is of the view that the company's turn from loss to profit is mainly due to good growth in overseas and e-commerce business and slightly effective cost control, resulting in an increase in revenue and a reduction in expenses.