Fujian HaiXin Food, a major frozen seafood supplier in China, predicts that its 2020 profits will hit a record high after more Chinese ate at home under COVID-19 lockdowns
The manufacturer of seafood dumplings, seafood snacks and "fish tofu" expects profits to have risen in the range of 996% to 1,289% over 2019 to CNY 75 million to CNY 95m ($11.6m-14.7m) in 2020, according to its recently released third-quarter financial report.
The Fuzhou-based firm expected fourth-quarter sales revenue growth to continue due to product optimization. The full-year 2020 financial report will be released later this year [...]
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