China’s fast fashion brand Hailan Home (HLA) released its financial performance for the first half of fiscal year 2024, reporting a 1.5% increase in revenue to 11.37 billion RMB ($1.57 billion) and a 2.5% decrease in net profit to 1.6 billion RMB ($226 million). As of the end of the period, the Hailan Home brand had 5,908 stores, including 1,314 directly operated stores, representing 22% of the total. Notably, revenue from overseas markets grew by 25% to 161 million RMB ($22 million). In the second half of the year, the company plans to expand into new markets in Central Asia and the Middle East to enhance its market competitiveness and international presence.
Chinese fast fashion giant eyes Central Asia, Middle East markets
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