Recently, Jinzai Food announced its performance. In 20021year, the operating income was1.1billion yuan, an increase of 222 1% over the previous year. The net profit attributable to shareholders of listed companies was 849.389 million yuan, down 17.77.
According to Jinzai Food, due to the rising cost of raw materials and the low volume of new products introduced in Mao Lijiao, the overall gross profit margin of Jinzai Food decreased. Experts said that this may be the reason why the company increased its income but did not increase its profit. It should be pointed out that this is the second consecutive year that the net profit of Jinzai Food has declined.
In addition, Jinzai Food is also under pressure from shareholders to cash out. The share price dropped from 2 1.07 yuan/share on February 5, 20021year to 8.49 yuan/share, a drop of 60%.