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On September 30, a reporter from the Beijing News learned that Zhongxing Mushroom, an edible fungus company, expected a net profit loss of 57,531,500 yuan to 67,531,500 yuan in the third quarter of 2021, a year-on-year decrease of 189.
Zhongxing Mushroom said that the main reason for the changes in performance was that due to the impact of bulk goods trade, the overall increase in the purchase price of raw materials for edible fungi production led to a significant increase in product costs; the downstream market consumption performance was relatively weak in the post-epidemic era, and product sales prices continued to be low during the same period; Non-recurring losses such as the scrapping of the company’s products and products in progress are expected to affect the profit of approximately RMB 17.
It is reported that Zhongxing Mushroom's main business is agricultural plantation, specializing in the research and development, production and sales of edible fungi.
