ChaCheer Food Speeds up Nuts Development

On April 8, ChaCheer Food released 2019 Annual Report. According to the report, ChaCheer Food realized two-digit growth of both revenue and profits in the past year. This is the second year in a row for ChaCheer to keep the two-digit growth of revenue and net profits, driving the performance of ChaCheer Food in capital market.  

On the same day, Huatai Securities released an analysis report and pointed out ChaCheer’s traditional sunflower seeds product is expected to keep solid growth; the variety of nuts is in the acceleration stage; meanwhile, the product structure upgrading and production level optimization will improve the profit margin, so the nuts are expected to keep stable growth.

On April 9, Zhu Danpeng, the analyst of China food industry, said in an interview with Financial Time that as other sunflower seeds enterprises exited, ChaCheer Food has become a representative of sunflower seeds products. Relying on strengthen in industrial chain, channels and brands, ChaCheer will keep enjoying the bonus of sunflower seeds consumption in the future.