HK Stock Market Move | SUNART RETAIL (06808) rose more than 8% in the closing session. The company is currently carrying out planned business restructuring and recently completed a operational structure adjustment for RT-Mart.

date
20/06/2025
avatar
GMT Eight
Gaoxin Retail (06808) rose more than 8% in the last trading session. As of the time of writing, it rose 5.35% to 2.56 Hong Kong dollars, with a turnover of 367.5 million Hong Kong dollars.
SUNART RETAIL (06808) rose more than 8% in the afternoon session, rising 5.35% as of the time of publication, to 2.56 Hong Kong dollars, with a turnover of 367.502 million Hong Kong dollars. On the news front, on the evening of May 20, SUNART RETAIL released its first annual report since separating from Alibaba. In the 2025 fiscal year, SUNART RETAIL achieved revenue of 71.552 billion yuan, a slight decrease of 1.4% year-on-year; net profit was 386 million yuan, compared to a loss of 1.668 billion yuan in the same period last year, turning losses into gains. According to a report from The Paper on May 28, starting today, the five major operating regions of Dah Chong Hong have been changed to four major operating regions, namely the East China region, South China region, North China region, and Northeast China region. This adjustment is made to integrate and improve efficiency. Fulloy's report previously stated that after a change in major shareholders, SUNART RETAIL is restructuring its business as planned, focusing on sales scale and absolute gross profit in the 2026 fiscal year. Given the uncertainty in the macro environment, the focus of the 2026 fiscal year is to maintain a stable trend and prepare for stronger future growth. After SUNART RETAIL announced its performance, the bank lowered its net profit forecast for the 2026 and 2027 fiscal years by 18% and 1%, respectively. Despite the improved operational performance, this was offset by lower interest income and a higher effective tax rate, according to the bank's model.