Snack makers report robust sales
Major snack retailers in China have seen burgeoning sales growth in the first half of this year, as more people stayed at home longer and enjoyed more snacks since the outbreak of the COVID-19 pandemic.
In the first six months, Hunan-based snack maker Yanjin Shop Food Co Ltd recorded sales revenue of 945 million yuan, jumping up by 47.53 percent year-on-year.
Other major snack and food makers also have done well.
During the period, Anhui province-based Qiaqia Food Co Ltd, one of the largest Chinese producers of roasted seeds and nuts, gained a net profit of 295 million yuan, up 33.97 percent year-on-year.
During the first six months, Chongqing-based Youyou Food Co, the country's main distributor of pickled chicken feet, realized a net profit of 129 million yuan, up 37.74 percent on a yearly basis, their latest earnings reports said.
More people have also taken up baking as a hobby while spending more time at home, and this has driven the consumption of yeast for baking cakes and pastries.
During the first six months, Angel Yeast Co Ltd, a Shanghai-listed major yeast maker in the country, achieved sales revenue of 4.34 billion yuan, up 16.91 percent year-on-year.