Retailing, Franchising, and Consumerism Business Intelligence in China

Sanquan Reported Net Profit Up 107% In 2019

Chinese quick-frozen food maker Sanquan recently published its performance report for 2019, stating that the company realized operating revenue of CNY5.992 billion during the reporting period, a year-on-year increase of 8.16%; and its net profit attributable to shareholders was CNY211 million, a year-on-year increase of 106.69%.

The report also revealed that Sanquan's operating profit increased by 89.71% year-on-year to CNY245 million; and its total profit increased by 86.77% year-on-year to CNY248 million.

Commenting on the performance growth, Sanquan said that the company's traditional retail market achieved significant improvement via product structure optimization, sales channel expansion, and internal organizational efficiency enhancement. Meanwhile, the company's food and beverage business market maintained a stable growth with continuous product R&D enhancement, production scale expansion, and channel development.

During the first half of 2019, Sanquan's retail business revenue was about CNY2.677 billion and its food and beverage business revenue was about CNY365 million.

According to public files, Sanquan is mainly engaged in the production and sales of quick-frozen rice and cooked wheaten food and room temperature instant food.

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