After the close of trading on September 7th, Jiangnanbuyi (HK:03306) released its annual performance for the fiscal year 2023, ending on June 30, 2023. The results showed a year-on-year revenue growth of 9.3% to 4.47 billion RMB, and a year-on-year net profit attributable to shareholders increase of 11.2% to 379 million RMB, marking a turnaround from the loss in the 2022 fiscal year.
The group attributed the revenue growth to several factors, including comparable-store sales growth in physical stores, rapid growth in online channel sales, and the expansion of offline store locations. …
