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Public company info - Fresh Express Delivery Holdings Group Co. Limited , 01175.HK
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Fresh Express Delivery Holdings Group Co. Limited, 01175.HK - Company Profile
Chairman Pan Junfeng
Share Issued (share) 1,646,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Packaged Foods
Corporate Profile Business Summary: The Group is principally engaged in cold chain food integrated distribution in the People’s Republic of China (the “PRC”). Performance for the year: The revenue of the Group was approximately RMB1,177,6 million (2019: approximately RMB185.2 million), representing a significant increase of approximately 859.0％ from the last financial year. The loss for the year attributable to owners of the Company amounted to approximately RMB 94.1 million for the year ended 31 March 2020 (2019: approximately RMB99.3 million). Loss per share was approximately RMB5.7 cents as compared with approximately RMB6.0 cents for the preceding year. Business Review: The Group focuses on the online sales and logistics of food and food ingredients for small and medium-sized commercial customers and achieved significant sales growth during the financial year. The annual sales were close to RMB2 billion. The Group has achieved business development in newly developed sales areas such as Shandong, Chengdu, and Zhengzhou and has obtained stable downstream customers. Since the end of January 2020, the Group has been seriously affected by the new coronary pneumonia, which led to the suspension of business from February to March. During the epidemic period, the Group appropriately reduced staff and increased efficiency, improved operating efficiency and internal management, and re-arranged business planning. It is planned to gradually focus on the improvement of logistics distribution efficiency in the new financial year and focus on the deep cultivation of existing sales areas. Gradually focusing on improving the efficiency of logistics and distribution, focusing on the deep cultivation of existing sales areas, adhering to the Group's purpose of providing high-quality, safe and fresh ingredients to the public, expanding sales categories and increasing market share. Prospects: This year, the Group has endeavoured to expand its upstream and downstream channels and explore new business models. The group has signed strategic cooperation agreements with several large and medium sized origins of premium food. In addition to the group's brands, other food brands are also available on the group's distribution platform, the sales of which is excellent. The Group is actively expanding its business nationwide under the guideline of its stated strategic plan while also considering the relaunch of its “off-shore purchase” (“海外購”), an import and export business. The group may acquire or hold interests in outstanding food enterprises when appropriate. The Group has transformed its business successfully under the new economic environment. As the country’s consumption increases, “Providing premium and safe food to people” (“植根優質食品,安全服務人民”) is the principle that the group always hold on to, aiming at offering quick, safe, efficient food solutions to the group's customers. The group's business is expected to grow significantly in the next three years, and the group is going to become the leading company in the industry.

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