Xianshi questioned by auditors over going concern ability

SighingCashier · 2026-04-01T18:10:35+00:00

Xian Shi Department Store reported a loss of HKD 64.099 million last year, an increase from the previous year. The independent auditor expressed significant doubt about its ability to continue as a going concern. Management has monitored the financial situation and taken corrective measures.

SighingCashier

2026-04-01 18:10:35

Abstract generation in progress

April 2, 2026

Sincere Store faces auditor skepticism over its going concern ability

===================================================

The longtime department store Sincere Store (00244) recorded a loss of 64.099 million yuan last year, widening from a loss of 40.14 million yuan in 2024. The group’s independent auditor’s report noted that there are significant doubts about Sincere Store’s ability to continue as a going concern. Loss widens—It lost 64.10 million last year The group said that management closely monitors the group’s financial performance and liquidity position to assess the group’s going concern ability, and stated that it has been taking measures to improve profitability and control operations …

（Excerpt）

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.