China Putian Food Holding Ltd. (HK:1699) has released an update.
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China Putian Food Holding Ltd. reported a 12% drop in revenue to RMB439.4 million for 2023, while gross profit surged by over 162% to RMB51.9 million. Despite this improvement in gross profit, the company still faced a significant loss of RMB81.7 million, though this was a substantial reduction from the previous year’s loss of over RMB1 billion.
For further insights into HK:1699 stock, check out TipRanks’ Stock Analysis page.