Market TrendsOverall sales in mainland China are declining, suggesting the company is facing headwinds in a major market, possibly due to broader economic issues or changing consumer preferences.
Product SalesSignificant decline in same-store sales for key product categories such as gem-set, platinum, and k-gold jewellery, indicating a loss of consumer interest or purchasing power.
Store OperationsNet store closure surprised the market, signaling potential operational challenges or a strategic shift in the company's retail footprint.