Xi'an Catering Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 19, 2020 at 08:40 am EDT
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Xi'an Catering Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 240.017 million compared to CNY 394.206 million a year ago. Operating loss was CNY 83.528 million compared to CNY 24.685 million a year ago. Net loss was CNY 82.225 million compared to CNY 23.680 million a year ago. Basic loss per share from continuing operations was CNY 0.1648 compared to CNY 0.0475 a year ago.
XiAn Catering Co Ltd is a China-based company mainly engaged in catering services and industrialized food processing and sales. The Company's catering services mainly include cold dishes, hot dishes, beef and mutton steamed buns, gourd head steamed buns, dumplings, roast duck, hot pot and other local specialties, fine Shaanxi cuisine, snacks, halal food, as well as Cantonese cuisine, Sichuan cuisine, Huaiyang cuisine and others The business model is fine processing of dishes, catering services and food supply model. The Company's holding subsidiary Xi'an Daye Food Co., Ltd. is mainly engaged in the production and sales of industrialized food. Its products are mainly divided into 6 series: pastry baking, meat products, quick-frozen food, convenience food, semi-finished products, and beverage brewing.