The Revenue Of Guirenniao In 2020 Is 1.188 Billion Yuan, And The Net Loss Is 382 Million Yuan
Recently, the noble bird announced that in 2020, the brand revenue will be 1.188 billion yuan, a year-on-year decrease of 24.87%, and a net loss of 382 million yuan, and a net loss of 1.096 billion yuan in the same period of last year.
According to the announcement, guirenniao has a net loss in 2020, and has been losing money for three consecutive years, facing the risk of delisting. In addition, as of December 31, 2020, guirenniao has overdue bonds payable of RMB 1.147 billion and overdue bank loans of RMB 977 million. 25 bank accounts have been frozen due to litigation, and the guirenniao has significant uncertainties about its ability to continue as a going concern.
As of December 31, 2020, the number of noble bird brand retail terminals has reached 1396. During the reporting period, guirenniao further optimized its sales network, closed 402 stores due to poor management, and converted 299 Direct stores into franchised stores of dealers.
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