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China Foods Ltd (0506.HK)

0506.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Foods Posts HY Profit Attributable Of RMB 330.4 Mln
Tuesday, 25 Aug 2020 

Aug 25 (Reuters) - China Foods Ltd <0506.HK>::HY PROFIT ATTRIBUTABLE RMB 330.4 MILLION VERSUS RMB 290.3 MILLION.HY REVENUE RMB 9.40 BILLION VERSUS RMB 9.55 BILLION.EXPECTED THAT PRICES OF MAJOR RAW MATERIALS WILL RECOVER IN H2 OF YEAR.AS RAW MATERIAL COSTS ARE EXPECTED TO INCREASE IN H2, IT WILL BE CHALLENGING FOR GROUP TO MAINTAIN GROSS PROFIT MARGIN FOR FULL YEAR.CONFIDENT THAT GROUP'S REVENUE AND SALES VOLUME WILL RETURN TO GROWTH TRAJECTORY IN H2.  Full Article

China Foods Posts FY Adjusted EBITDA Of RMB1,544.9 Mln
Tuesday, 24 Mar 2020 

March 24 (Reuters) - China Foods Ltd <0506.HK>::IN 2020, CHINA FOODS WILL CONTINUE TO IMPLEMENT ITS TOTAL BEVERAGE STRATEGY.FY REVENUE FROM CONTINUING OPERATIONS RMB 17,172.0 MILLION VERSUS RMB 15,648.1 MILLION.FY ADJUSTED EBITDA RMB1,544.9 MILLION VERSUS RMB1,264.2 MILLION.RESOLVED TO RECOMMEND PAYMENT OF FINAL DIVIDEND OF RMB0.044, EQUIVALENT TO HK4.8 CENTS FOR YEAR.COVID-19 EPIDEMIC MAY AFFECT NORMAL SALES OF GROUP IN CERTAIN PARTS OF CHINA TO A CERTAIN EXTENT.WILL COOPERATE WITH COSTA COFFEE IN 2020 TO LAUNCH HIGH-END READY-TO-DRINK COFFEE.EXPECTED THAT PRICES OF RAW MATERIALS WILL FLUCTUATE WITHIN NARROW RANGE, & OUR GROSS PROFIT MARGIN WILL REMAIN STABLE.  Full Article

China Foods Posts FY Profit Attributable From Continuing Operations Of RMB320.9 Mln
Tuesday, 26 Mar 2019 

March 26 (Reuters) - China Foods Ltd <0506.HK>::RECOMMEND TO SHAREHOLDERS PAYMENT OF FINAL DIVIDEND OF RMB0.034 FOR YEAR.FY REVENUE FROM CONTINUING OPERATIONS RMB15,648.1 MILLION VERSUS RMB13,358 MILLION.FY PROFIT ATTRIBUTABLE FROM CONTINUING OPERATIONS RMB320.9 MILLION VERSUS RMB1.19 BILLION.  Full Article

China Foods Says Ma Jianping Resigns As Chairman Of Board
Friday, 4 Jan 2019 

Jan 4 (Reuters) - China Foods Ltd <0506.HK>::YU XUBO WAS APPOINTED AS CHAIRMAN OF BOARD.MA JIANPING HAS TENDERED HIS RESIGNATION AS CHAIRMAN OF BOARD OF COMPANY.  Full Article

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COFCO President Yu Xubo moves to head China General Technology

BEIJING The president of COFCO, China's top state grains trader, Yu Xubo, has left the company to head China General Technology Group, according to two sources and a company notice.