Shanghai Lily & Beauty Cosmetics (605136.SH) issued a forecast of a net loss for the year 2024, estimated to be between 28.05 million yuan and 17 million yuan, with a change from profit to loss.

Shanghai Lily&Beauty Cosmetics (605136.SH) announced that the company is expected to incur a net loss attributable to shareholders of the listed company of 28.05 million to 17 million yuan in 2024; compared with the same period last year, a loss is expected. The net profit attributable to shareholders of the listed company in 2023 was 29.5276 million yuan. In 2024, the net profit attributable to shareholders of the listed company is expected to decrease compared to 2023, mainly due to the overall decrease in the company's operating income during the reporting period and increased investment in its own brand during a strategic transformation period.