07/09/2021
Large one-time losses; due to rigid labor expenditures, increased marketing support, and brand marketing during certain brand investment periods, the overall cost has increased. The 2016 net profit is expected to be in the range of -390 million yuan to -300 million yuan. Related research reports and analysis all pointed out that the downturn in the apparel retail industry, high inventories, and traditional expansion channels are no longer effective, which are important reasons for the decline in the performance of SAINT ANGELO in the past three years.