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The loss of e-commerce business drags down the performance of Qinqin Foods last year's revenue of 793 million yuan

 Last Update: 2022-09-02
 Source: Internet
 Author: User

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Qinqin Food Group (Cayman) Co.

The financial report shows that in 2020, the revenue of jelly products of Qinqin Foods was 421 million yuan, a year-on-year increase of 2.

With the increasing penetration rate of online purchases, the revenue of Qinqin Foods e-commerce business increased by 5.

The reason for the decrease in comprehensive net profit is that apart from the one-time gain from unsold assets and properties in 2020 and the loss of exchange rate, the more important reason is that Qinqin Food has devoted additional energy and resources to e-commerce channels to achieve sales growth and increase new retail sales.

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"China Food News" (March 30, 2021 07 edition)

(Editor-in-charge: Peng Zonglu)

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