Despite Great Contraction of Profits, Guolian’s Tomorrow Looks Promising
According to a report released by Guolian, the company has earned a revenue of 2,105,152,988.09 yuan in this first half of the year, an increase of 3.87% compared with the same period last year. But its net profit attributable to shareholders has dived from the previous 9,704,026.99 yuan to this report period’s -107,985,407.6 yuan.
One main reason for such great reduction is influence of coronavirus on the company’s businesses with restaurants during this first quarter. And also due to the pandemic, inventory devaluation has also led to the company’s suffering...
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