Qinqin Foodstuffs Reports Mixed Mid-Year Financials

Qinqin Foodstuffs Group (Cayman) Company (HK:1583) has released an update.

Qinqin Foodstuffs Group (Cayman) Company Limited reported a slight decrease in revenue by 0.9% for the first half of 2024 compared to the previous year, while gross profit and profit attributable to equity shareholders saw increases of 3.4% and 25.4%, respectively. The company also experienced a solid growth in net current assets by 33.3% and maintained a stable net asset per share value. Notably, there was a significant improvement in return on equity, which turned positive from -0.2% to 5.3%.

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