BEIJING, Dec. 23 (Xinhua) -- Sanquan Food Co., Ltd. (Sanquan Food, 002216.SZ), a leading Chinese company engaged in the production and distribution of quick-frozen food products, forecast at least 80 percent growth in its net profit.
According to the company's filing to the Shenzhen Stock Exchange on Friday, its net profit in 2019 is estimated at 183.42 million yuan to 213.99 million yuan, soaring 80 percent to 110 percent year on year.
The increase in net profit was partially driven by the company's optimization of product structure, expansion of sales channels, and improvement of organizational efficiency in the traditional retail sector.
It could also be attributed to Sanquan Food's efforts to further tap into the potential of the catering industry by enhancing product R&D, enlarging production scale and widening channels. (Edited by Su Dan)
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