Financial PerformanceLao Feng Xiang reported a 12% increase in net profit to RMB802mn alongside a 4% rise in sales to RMB26bn.
Growth GuidanceCTS management targets 5-15% profit growth and 15-25% sales growth with a net opening of 400-600 stores.
Strategic InitiativesThe company is refreshing its omni-channels, refurbishing stores, and building flagship stores in Hong Kong and Shanghai, as well as launching new group and brand websites.