Maiquer Group Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 29, 2020 at 02:18 pm EDT
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Maiquer Group Co.,Ltd announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 670.570 million compared to CNY 600.205 million a year ago. Operating loss was CNY 72.551 million compared to CNY 154.272 million a year ago. Net loss was CNY 69.464 million compared to CNY 154.129 million a year ago. Basic loss per share from continuing operations was CNY 0.75 compared to CNY 1.35 a year ago.
Maiquer Group CO.,LTD is a China-based food processing company. The Company is principally engaged in the manufacture of dairy products, as well as the operation of bakery chain stores. The Company's main products include dairy products (such as sterilized milk, reconstituted milk and milk-containing beverages), bakery products (including breads, cakes, Chinese and Western cakes and mooncakes) and frozen rice products. The Company distributes its products under the brand Maiquer. The Company is also involved in the research, development and processing of holiday food products. The Company operates bakery franchise stores in Xinjiang Province, Beijing and Zhejiang Province. The Company operates its business in domestic market.
MAIQUER GROUP CO.,LTD 
