Sanquan Food Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 19, 2020 at 07:52 am EDT
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Sanquan Food Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 3,729.654 million compared to CNY 3,042.129 million a year ago. Operating income was CNY 561.561 million compared to CNY 97.421 million a year ago. Net income was CNY 452.375 million compared to CNY 88.768 million a year ago. Basic earnings per share from continuing operations was CNY 0.57 compared to CNY 0.11 a year ago.
Sanquan Food Co.,Ltd, formerly Zhengzhou Sanquan Foods Co., Ltd, is a China-based company principally engaged in the production and distribution of quick-frozen food products. The Company's main products are quick frozen food products made of wheat flour and rice, including quick-frozen glutinous rice balls, quick-frozen boiled dumplings, quick-frozen rice dumplings and quick-frozen flour pastry products. In addition, the Company also produces room temperature convenient food. The Company distributes its products mainly in domestic markets.