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14/07/2021 14:46

Shineroad Intl (01587) sees 200% increase in interim net

[ET Net News Agency, 14 July 2021] Shineroad International Holdings Limited (01587)
said for the six months ended 30 June 2021, the unaudited net profit attributable to
shareholders is expected to be not less than RMB24.9 million (representing an increase of
not less than 200% as compared with the corresponding period of last year).
Such increase was primarily attributable to (i) the continued recovery of the PRC
economy in the first half of 2021; (ii) the group steadfastly implementing its business
model of being a professional and comprehensive one-stop food ingredients application
solutions provider for customers; (iii) rapid development of the group due to a proactive
approach to capturing development opportunities, with sales teams established in the newly
set up PRC subsidiaries of the group since 2021 which markedly broadened the geographical
coverage of the sales and distribution of products by penetrating the markets in more and
farther areas around each of the subsidiaries; and (iv) positive development across all
the group's major business segments. (RC)

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