China Quanjude(Group) Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022
April 10, 2023 at 07:14 am EDT
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China Quanjude(Group) Co.,Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 700.65 million compared to CNY 927.31 million a year ago. Revenue was CNY 718.8 million compared to CNY 947.75 million a year ago.
Net loss was CNY 277.54 million compared to CNY 156.93 million a year ago. Basic loss per share from continuing operations was CNY 0.9043 compared to CNY 0.511 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. 
