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Juewei

绝味食品

Juewei Food engages in the research and development, production, and sale of stewed snack items in China.

Juewei, founded in December, 2008 and headquartered in Changsha, is a food production company. The founder is Dai Wenjun. Listed on the SSE on March 17, 2017, the company's major shareholders are Hunan Jucheng Investment Co., Ltd., Changsha Huigong Investment Co., Ltd. and Changsha Chengguang Investment Co., Ltd.. Rivals that have direct and indirect competition with Juewei include Bestore, Baicaowei, BellRing Brands, McDonald's, etc.

Juewei Food engages in the research and development, production, and sale of stewed snack items in China.

Juewei, founded in December, 2008 and headquartered in Changsha, is a food production company. The founder is Dai Wenjun. Listed on the SSE on March 17, 2017, the company's major shareholders are Hunan Jucheng Investment Co., Ltd., Changsha Huigong Investment Co., Ltd. and Changsha Chengguang Investment Co., Ltd.. Rivals that have direct and indirect competition with Juewei include Bestore, Baicaowei, BellRing Brands, McDonald's, etc.

Sector

Consumer Staples

Industry

Food/Beverages

Sub-industry

Packaged Food

Founded date

Dec 1, 2008

HQ location

Hunan, China

Legal name

Juewei Food Co., Ltd.

Website

http://www.juewei.cn/

Number of Employees

4019

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Oct 29, 2020 11:47 pm ·

Juewei Foods's Net Profit Falls by 15% in the First Three Quarters

On October 29, Juewei Foods, which focuses on the development, production and sales of casual braised food, released its 2020 third-quarter report. In the first three quarters, the company achieved CNY 3.89 billion revenue, a slight decrease of 0.01% year-on-year; net profit was CNY 520 million, a year-on-year decrease of 15.33%. Among them, the main business income was CNY 3.79 billion, accounting for 97.65%. By categories, Juewei Foods’s fresh products achieved an operating income of CNY 3.62 billion, accounting for 95.42% of overall revenue. Among them, the revenue of poultry products, livestock products, vegetable products, and other products was CNY 2.85 billion, CNY 26.72 million, CNY 393 million and CNY 350 million, respectively, accounting for 75.14%, 0.70%, 10.35% and 9.21% of total revenue. Besides, packaging products realized an operating income of CNY 6.66 million, accounting for 0.17% of the total revenue. In terms of regions, revenue generated from Central China, East China and South China ranked the top three, with operating income of CNY 1.07 billion, CNY 871 million and CNY 691 million, respectively.
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