Sat, 08 Aug 2020

BEIJING, July 5 (Xinhua) -- Chinese frozen food giant Sanquan Foods has reported a jump in net profit in the first half of the year (H1).

Its net profit rose by a range of 390 percent to 420 percent year on year to reach a range of 435 million yuan (about 61.6 million U.S. dollars) to 462 million yuan in H1, the company said in its preliminary earnings estimate filed with the Shenzhen Stock Exchange.

Sanquan Foods attributed the profit growth to optimized product portfolio, improvement in the quality of its sales channels, and product innovation.

The shares of the Shenzhen-listed company shed 0.07 percent to end at 27.26 yuan apiece on Friday.

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