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China Putian Food Reports Major Losses in 2022
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China Putian Food Reports Major Losses in 2022

China Putian Food Holding Ltd. (HK:1699) has released an update.

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China Putian Food Holding Ltd. reported a significant decline in its financial performance for 2022, with revenue dropping 20.6% to approximately RMB499.3 million and gross profit plummeting 72% to about RMB19.8 million. The company faced a staggering loss of around RMB1,039.7 million, more than tripling the previous year’s loss. Challenges such as impaired assets and increased finance costs contributed to this downturn.

For further insights into HK:1699 stock, check out TipRanks’ Stock Analysis page.

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