Shanghai Jahwa Reports 260% YoY Net Profit Decline Amid Strategic Overhaul

On March 17, Shanghai Jahwa released its FY2024 earnings report, revealing a sharp downturn in performance due to goodwill impairment charges linked to its baby care and maternal & infant product businesses. The company, already in the midst of a major restructuring, saw additional pressure on its bottom line.

For 2024, Shanghai Jahwa’s total revenue dropped 13.93% YoY to ¥5.679 billion, while it posted a net loss of ¥802 million, a stark contrast to the ¥563 million net profit recorded the previous year—marking a 260.72% decline.

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