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Sanquan Foods expects net profit to increase more than five times in the first quarter

Sanquan Foods expects net profit to increase more than five times in the first quarter
On April 7th, Sanquan Food released the first quarter 2020 performance forecast, with an estimated net profit of 2.4.9 billion yuan -2.610,000 yuan, an annual increase of 520% -550%; non-net profit deduction is expected to be 1.4.8 billion-1.5.9 billion yuan.For performance growth, Sanquan Food is attributed to product structure adjustment, improved channel quality, and better profitability recovery.Reporting the average, the amount of non-recurring gains and losses on net profit is expected to be 1.20.2 billion yuan, mainly related to the equity transfer of Zhengzhou Quansheng Agriculture and Animal Husbandry Technology Co., Ltd.In November 2019, Sanquan Foods announced a 1.The price of 3.5 billion US dollars transferred 100% equity of Sun Company Zhengzhou Quansheng Agriculture and Animal Husbandry Technology Co., Ltd. to Sichuan New Hope Liuhe Agriculture and Animal Husbandry Co., Ltd., a wholly owned subsidiary of New Hope Liuhe.Sanquan Food said at the time that the transfer and distribution would help optimize the industrial layout, adjust the industrial structure, improve the company’s operating efficiency and quality, and conform to the overall development strategy.Sauna, Ye Wang Guo Tie editor Li Yan proofread Zhang Yanjun