China Quanjude(Group) Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 14, 2023 at 04:48 am EDT
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China Quanjude(Group) Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 319.63 million compared to CNY 213.95 million a year ago. Revenue was CNY 319.63 million compared to CNY 213.95 million a year ago.
Net income was CNY 9.17 million compared to net loss of CNY 47.28 million a year ago. Basic earnings per share from continuing operations was CNY 0.0299 compared to basic loss per share from continuing operations of CNY 0.1541 a year ago.
China Quanjude (Group) Co., Ltd. is mainly engaged in the provision of restaurant services, as well as food processing and distribution. The Company operates in two segments. The Chinese Style Food segment provides All-Duck Banquet dishes represented by Quanjude roast duck, Man Han Quan Xi Fangshan dishes, Lu dishes represented by Cong Shao Hai Shen and Chuan dishes. The Food Industry segment is engaged in the production and distribution of Quanjude vacuum packaging, prepared foods and roast duck supplements. The Company owned directly-managed Quanjude restaurants in Beijing, Shanghai, Chongqing, Changchun, Qingdao, Zhengzhou, Hangzhou, Xinjiang, Shenyang, Hefei and others, and directly-managed Fangshan restaurants, directly-managed Fengzeyuan restaurants and directly-managed Sichuan Restaurants, as well as franchised Quanjude restaurants in Mainland China and overseas franchised Quanjude restaurants, and overseas franchised Fengzeyuan restaurant. It also sells processed food.
CHINA QUANJUDE(GROUP) CO.,LTD. 
