【Guo Jin'an Concept Stocks】Cao Ji Group issues profit warning, expects at least 23 million yuan loss last year

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Grass Princess Group, a semi-new stock founded by artist Guo Jinan’s sister, (02593)
Issues profit warning, expects a loss in 2025, with a loss of no less than HKD 23 million, while profit in 2024 is approximately HKD 13 million.

The company explains that increased promotional discounts during the period led to a decline in revenue and gross profit; including advertising, hiring celebrities and KOLs, which increased advertising and promotional expenses, as well as higher staff costs during the period.

The company shows signs of turning from profit to loss for the full year. Last year, the first half already reported a loss of HKD 7.535 million, whereas in the same period in 2024, it was a profit of HKD 7.483 million; basic loss per share is 5.65 HK cents; revenue slightly decreased by 0.44% year-on-year to HKD 117 million; sales and distribution costs increased by 35.34% year-on-year to HKD 66.458 million.

Grass Princess Group closed at HKD 1.06 on Monday (9th), down 6.2% for the day, a total decline of 71.73% from the IPO price of HKD 3.75.

Source: HKEX Announcement

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