On the evening of January 18, Saturday Co.Ltd(002291) announced that the company had an advance loss of 430 million yuan to 645 million yuan in 2021 and a profit of 24.2978 million yuan in the same period of last year. The company expects to withdraw bad debt reserves and inventory falling price reserves of RMB 280 million to RMB 350 million throughout the year; The revenue scale and net profit level of fashion Fengxun and Beijing Shixin, two fashion new media companies controlled by the company, have decreased significantly. Therefore, the company plans to withdraw goodwill impairment of 180 million yuan to 270 million yuan. In order to realize the transformation to the “light” asset operation mode of brand management and supply chain management, the company plans to integrate the company’s footwear sales business and assets through Foshan Saturday Co.Ltd(002291) Footwear Co., Ltd., except for footwear business trademarks. After the integration is completed, the company plans to transfer 100% of the shares of Saturday Co.Ltd(002291) footwear.
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