Snack Food Producers’ Performance in January ~ July

By CnAgri2013-09-16 11:27:49 Print China’s 1,157 medium and large snack food producers realized a revenue of RMB166.3 billion and a profit of RMB11.6 billion from their kernel business in January ~ July, up 12% and 8% respectively on the year-on-year basis. Their tax contribution totaled RMB5.8 billion, a growth of 2.9% on the year-on-year basis.
 
Specifically, 466 rice food and wheaten food producers realized RMB36.7 billion revenue from their kernel business, 327 fast-frozen food producers RMB33.6 billion and 364 snack noodles producers RMB96 billion, up 19.1%, 18.7% and 7.4% respectively on the year-on-year basis.
 
Classified by ownership structure, 30 state-run snack food producers realized RMB3 billion revenue from their kernel business, 14 collective-owned companies RMB9.9 billion, 896 private companies RMB84.5 billion, 78 companies held by Hong Kong, Macao and Taiwan investors RMB16.4 billion and 84 companies held by foreign investors RMB40.7 billion, down 1.5%, up 7.8%, up 19.3%, up 10.5% but down 1.6% respectively on the year-on-year basis.



From “China Grains Market Weekly Report”