Hong Kong · Delayed Price · Currency is HKD Sun Art Retail Group Earnings Call Transcripts
Fiscal Year 2026
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Adjusted EBITDA was CNY 3,157 million, with revenue and gross profit under pressure from competition and weaker CPI. Priorities include store transformation, fresh-food and private-brand growth, and a three-year push to raise online penetration to 40%.
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Management is executing a three-year transformation plan focused on store restructuring, product and cost optimization, and talent development. H1 25/26 saw improved gross margin, stable EBITDA, and strong cash flow, with continued investment in store transformation and private label growth.
Fiscal Year 2025
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Revenue grew to CNY 71.5 billion with a return to profitability, driven by cost savings and operational improvements. Expansion focused on supermarkets and community hubs, while membership stores are being refined. Margin pressure persists, but cash flow and dividend policy remain stable.
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Revenue grew to CNY 34.7 billion with a return to profitability and strong online sales growth. Expense reductions and store optimization drove improved margins, while private label and fresh products remain strategic priorities.