Ruhnn Holding Limited announced unaudited consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, total net revenue was RMB 312,776,000 against RMB 232,940,000 a year ago. Loss from operations was RMB 27,320,000 against RMB 47,095,000 a year ago. Net loss was RMB 28,337,000 against RMB 49,262,000 a year ago. Basic net loss per share attributable to ordinary shareholders of company was RMB 0.06 against RMB 0.15 a year ago.

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.