purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators
period last year. Gross profit from Media and Agency service was considerably increased by due to the improvement of agency cost’s efficiency. However, gross profit from e-commerce was significantly
debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The
, the tourism sector and a recovery in exports due to an improvement in the economies of our trading partners. As a result there has been an increase in the purchasing power of consumers in major cities
the income adjustment as mentioned above. For 1H18, gross margin was 31% higher than 28% gross margin of 1H17. This margin improvement was contributed by the increase of social security payment rate and
quarter is usually the low season for retail businesses, due to the impact of the rainy season, with frequent downpours causing a slowdown in customer traffic. Although the export and tourism sectors
while related cost was not proportionally decreased. For 9M’18, gross margin ratio was 31% higher than 30% of 9M’17. This margin improvement was contributed by more revenue contribution from non-social
low agricultural prices. The tourism sector has also been slowing down, partly due to the effects of the rainy season and flooding in the northeastern region. However, the government has implemented
private consumption, especially on the cost of living in the low-to-middle income consumer group. The mobile competition landscape in 3Q22 persisted at the same level as the previous quarter across all
private consumption, especially on the cost of living in the low-to-middle income consumer group. The mobile competition landscape in 3Q22 persisted at the same level as the previous quarter across all