Juewei Food Co., Ltd. Provides Earnings Guidance for the First Quarter of 2020
April 23, 2020
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Juewei Food Co., Ltd. provided earnings guidance for the first quarter of 2020. According to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the listed company in the first quarter of 2020 will be between RMB 60 million and RMB 63 million, with a decrease of between 65.24% and 66.90% compared with the same period of the year before. During the report period, the net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 68 million and RMB 71 million, with a decrease of between 60.43% and 62.10% compared with the same period of the year before.
Juewei Food Co Ltd is a China-based company principally engaged in the research, development, production and sales of marinating snack foods. The Company operates through three main segments. The Marinating Snack Foods segment is mainly engaged in the production and sales of marinating foods. The products can be divided into two categories, including marinating meat snack foods which are made from raw materials, such as duck meat, chicken and pork, as well as marinating vegan snack foods which are made from green soy beans, carrots and peanuts. The Franchisee Management segment is mainly engaged in the enterprise management and the provision of consulting services. The Others segment is primarily engaged in the container cleaning and provision of product packages, among others.
JUEWEI FOOD CO., LTD. 
