China Putian Food Holding Ltd. (HK:1699) has released an update.
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China Putian Food Holding Ltd. has reported a 14% rise in revenue to RMB500 million for 2024, with a significant 29% increase in EBITA, driven by strategic shifts in its business model, including reducing hog farming and focusing on wholesale operations. The company has also secured new sales contracts worth RMB130 million for 2025, indicating a positive outlook as it adapts to market conditions and aims to enhance shareholder value. This strategic realignment and effective cost management have positioned the company well for future growth.
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