Lao Feng Xiang (SHA:600612) posted third-quarter net profit attributable to shareholders of 372.0 million yuan, or 0.7112 yuan per share, down 46% from the previous year.
The jewelry retailer's Q3 revenue declined 42% year over year to 12.6 billion yuan, according to a Wednesday filing with the Shanghai bourse.
Shares of Lao Feng Xiang closed 10% lower Wednesday.
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