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The latest announcement is out from Qinqin Foodstuffs Group (Cayman) Company ( (HK:1583) ).
Qinqin Foodstuffs Group (Cayman) Company Limited has issued a positive profit alert, indicating an expected profit of RMB19 million to RMB23 million for the year ended December 31, 2024, compared to a loss of approximately RMB2 million in 2023. This improvement is attributed to increased revenue, enhanced production efficiency, and the absence of losses from previous investments and disposals, despite a one-off loss from closing a production base and reduced government grants.
More about Qinqin Foodstuffs Group (Cayman) Company
Average Trading Volume: 2,100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $111.7M
Find detailed analytics on 1583 stock on TipRanks’ Stock Analysis page.