Guoquan Food (Shanghai) Company., Ltd. Class H (HK:2517) has released an update.
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Guoquan Food (Shanghai) Co., Ltd. reported a mixed financial performance for the first half of 2024, with revenue dropping by 3.5% but gross profit rising by 5.3% compared to the same period last year. Net profit declined by 26.7%, and earnings per share fell by 22.3%. Despite these challenges, the company’s extensive retail network has grown to 9,660 stores, reinforcing its position as China’s largest one-stop home meal products retail store network.
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