On January 30, Xiwang Food released a forecast for a loss of 700 million to 820 million yuan in 2019, mainly due to changes in the sales channels and product structure of the professional sports nutrition market in Europe and the United States. In 2019, the performance of the overseas part of the sports nutrition sector fell short of expectations, with both revenue and profit declining.
Kerr has a strong professional brand good product reputation and stable market channels, the company is full of confidence in the development of sports nutrition business.
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- PepsiCo announced acquiring BE&CHEERY with $705 million
- Intestinal microecological regulators were regards as anti-novel coronavirus plan
- CABIO DHA algal oil was recognized FDA GRAS
- Import record of health food in January, US and Australian products account for 80%
- Xiwang Food losses 700 million to 820 million yuan in 2019
- Tsumuar plans to enter into China market
- CCGB's subsidiary applies industrial hemp processing license
- Mainstream e-commerce platforms health product reached 45.26 billion yuan
- Nestle's two products have been registered as formula food for special medical use in China