Shandong Huifa Foodstuff Co.,Ltd. Provides Preliminary Earnings Guidance for 2019
January 19, 2020
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Shandong Huifa Foodstuff Co.,Ltd. provided preliminary earnings guidance for 2019. The Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be between RMB 5 million and RMB 7 million with a decrease of between RMB 38.46 million and RMB 40.46 million and a decrease of between 85% and 89% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 2 million and RMB 4 million, with a decrease between RMB 35.92 million and RMB 37.92 million compared with that of the last year and with a year-on-year decrease about between 90% and 95%.
Shandong Huifa Foodstuff Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of quick-frozen prepared meat products. The Company mainly sales its products through wholesaling and directly retailing to customers. The Company's main products include quick-frozen ball products, sausage products, fried products and string meat products. The frozen ball products mainly include chicken balls, fish balls and other ball products. The sausage products mainly include kiss sausages, sweet-scented osmanthus sausages and waist sausages. The fried products include fish tofu and Wufu crisp products. The Company mainly operates its businesses in domestic market.