China Quanjude(Group) Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023
August 14, 2023 at 07:08 am EDT
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China Quanjude(Group) Co.,Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 656.03 million compared to CNY 316.42 million a year ago. Revenue was CNY 667.95 million compared to CNY 327.33 million a year ago.
Net income was CNY 27.92 million compared to net loss of CNY 152.71 million a year ago. Basic earnings per share from continuing operations was CNY 0.091 compared to basic loss per share from continuing operations of CNY 0.4976 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. 
