CSMall Group Limited ( (HK:1815) ) has shared an announcement.
CSMall Group Limited has announced a reduction in its net loss for the fiscal year 2024, expecting a loss between RMB21 million and RMB26 million, down from approximately RMB35 million in 2023. This improvement is attributed to a shift in the jewellery retail segment, where a decline in gold sales was offset by increased sales of higher-margin silver products, leading to a net profit for the segment. Conversely, the fresh food retail segment saw a decline in sales and an increase in impairment loss provisions, contributing to a higher net loss for that segment before its disposal in January 2025.
More about CSMall Group Limited
CSMall Group Limited is a company incorporated in the Cayman Islands, primarily involved in the jewellery retail industry. The company focuses on the sales of gold and silver products, with a significant emphasis on silver due to its higher gross profit margin. Additionally, the company was involved in the fresh food retail segment through its ‘Nongmuren’ S2B2C platform, although this segment was disposed of in early 2025.
YTD Price Performance: 677.78%
Average Trading Volume: 12,024,183
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.67B
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