Ruhnn Holding Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Fiscal Year 2020
The company provided earnings guidance for the fiscal year 2020. For the year, the company expects net revenues from product sales through the full-service model to be between RMB 980 million and RMB 1,130 million, and net revenues from services through the platform model to be between RMB 280 million and RMB 380 million, representing a year-over-year growth between 4.0% and 20.0%, and between 86.0% and 152.0%, respectively.