Qinqin Foodstuffs Group Reports Strong Financial Turnaround in 2024

Qinqin Foodstuffs Group (Cayman) Company ( (HK:1583) ) has provided an announcement.

Qinqin Foodstuffs Group (Cayman) Company reported its annual financial results for the year ended December 31, 2024, showing a 1.5% increase in revenue to RMB 996,497,000 and a significant improvement in profitability with a gross profit margin increase to 28.3%. The company achieved a profit attributable to equity shareholders of RMB 21,130,000, a substantial turnaround from the previous year’s loss. The proposed final dividend per share is RMB 0.020, reflecting the company’s improved financial health. The company’s net cash position improved by 81.7%, and net current assets increased by 18.7%, indicating a stronger financial footing. These results suggest a positive impact on the company’s operations and a stronger position in the market, which could be beneficial for stakeholders.

More about Qinqin Foodstuffs Group (Cayman) Company

Qinqin Foodstuffs Group (Cayman) Company is a company incorporated in the Cayman Islands, focusing on the food industry. It is listed on the Hong Kong Stock Exchange under the stock code 1583.

Average Trading Volume: 2,100

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $121.4M

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