Market recovery is slow and costs are rising, and Miakelanduo's net profit dropped by more than 90% in the second quarter丨Financial News
In the first half of this year, Miaokeranduo's operating income was 2,066 billion yuan, down 20.35% from the previous year; net profit from the previous year was 285.67 million yuan, a sharp drop of 78.36% from the previous year; net profit after deducting non-return net profit was 2,7572 million yuan, a sharp drop of 97.62% from the previous year. The company believes that factors such as slow recovery in the consumer market, rising costs, and exchange rate fluctuations were the main factors contributing to the company's poor performance in the second quarter and first half of the year.
Financial Report 2023 | Tying Mengniu to “Gains and Losses”: Cotuo Biotech's battle to get rid of dependency is in full swing
It's nice to cool off by leaning on a big tree, but there's no free lunch in the sky. On August 1, the semi-annual report released by Cotuo Biotech (300858SZ) showed that revenue and net profit for the first half of 2023 were 140 million yuan and 040 million yuan respectively, down 10.79% and 10.01% year-on-year respectively. One of the main reasons is the decline in revenue from compound food additives, which has impacted the performance of Cotto Biotech. In the first half of 2023, the main use of compound food additives generated revenue of 42 million yuan, a year-on-year decrease of 48.39%, accounting for 30% of revenue. “Compound food additives are passed down by the company
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