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Is Guangzhou Restaurant Group (SHSE:603043) A Risky Investment?
Guangzhou Restaurant Group (603043.SH): The edible oil used in the food production base is transported by dedicated edible oil transportation vehicles provided by the suppliers.
Guangzhou Restaurant Group (603043.SH) stated on the investor platform that 1. the company regards food safety management as the foundation of operation development, carefully selecting raw material suppliers and strictly inspecting the quality of raw materials. The edible oil used in its dining outlets is pre-packaged foods, which are uniformly distributed by suppliers. The edible oil used in the company's food production bases is transported by suppliers using specialized transportation vehicles for edible oil. The company strictly supervises in accordance with food safety laws and regulations, requiring to provide relevant verification documents, full traceability, and ensures food safety with high standards and meticulousness. 2. the company complies with relevant laws
Guangzhou Restaurant Group (603043.SH) focuses on expanding into membership-based supermarkets like Sam's Club, Costco, and the East China market.
Guangzhou Restaurant Group (603043.SH) stated on its investor platform that its frozen products mainly include walnut buns, char siu buns, shrimp dumplings and other Cantonese dim sum. Affected by the decline of traditional offline supermarkets, the company focuses on developing membership-based supermarkets such as Sam's Club and Costco, as well as the East China market, to maintain the growth of frozen product category. Based on operational efficiency considerations, Licofu food retail stores are currently mainly focused on the development of key cities in the Greater Bay Area where store layout has been scaled.
Guangzhou Restaurant Group (SHSE:603043) Will Want To Turn Around Its Return Trends
Guangzhou Restaurant Group (603043.SH): the revenue proportion of the company's zongzi products is still relatively small.
Guangzhou Restaurant Group (603043.SH) stated on the investor interaction platform on June 14th that the company's revenue from zongzi (rice dumpling) is still relatively small. In recent years, the company has continued to increase resource allocation for the development of zongzi business. Under a small base, it has achieved rapid development and maintained a good momentum of development. In the future, it will continue to increase resource allocation for zongzi business based on category development planning and market conditions.
Guangzhou Restaurant (603043.SH) will distribute the 2023 cash dividend of 0.48 yuan per share on May 30
Guangzhou Restaurant (603043.SH) announced that the company will release the 2023 fiscal year on May 30, 2024...
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