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An announcement from Guoquan Food (Shanghai) Company., Ltd. Class H ( (HK:2517) ) is now available.
Guoquan Food (Shanghai) Co., Ltd. announced its annual results for the year ended December 31, 2024, reporting a revenue increase of 6.2% to RMB6,469.8 million. Despite a decrease in net profit by 8.4% to RMB241.2 million, the company saw a rise in core operating profit by 3.1%. The company expanded its store network to 10,150 stores, focusing on innovative and township-level markets, which contributed to enhancing brand awareness and improving logistics efficiency. The company’s strategic initiatives in optimizing product portfolios and embracing online leads have positioned it well to adapt to changing consumer trends.
More about Guoquan Food (Shanghai) Company., Ltd. Class H
Guoquan Food (Shanghai) Co., Ltd. operates in the food retail industry, focusing on home meal products. The company has established the largest one-stop home meal products retail store network in China, offering both online and offline shopping options to consumers across 31 provinces, autonomous regions, and municipalities.
YTD Price Performance: -4.64%
Average Trading Volume: 8,607,945
Technical Sentiment Signal: Buy
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