[ET Net News Agency, 22 January 2020] Shanghai La Chapelle Fashion Co., Ltd. (06116)
said in accordance with the Chinese Accounting Standards, it is estimated that the company
will record a net loss attributable to shareholders of the company for the year ended 31
December 2019 between RMB1,600 million and RMB2,100 million.
Due to the operating loss of the closed stores and one-off recognition of decoration
amortization costs, a loss of between RMB400 million and RMB450 million has resulted. The
gross profit margin of the company also decreased on a year-on-year basis, which resulted
in the gross profit margin decreasing by approximately RMB650 million during the period as
compared to that of the same period last year. (RC)