date:Apr 10, 2013
to 70 million yuan ($8.79 to $11.18 million).
This is in sharp contrast to the 46.23-million-yuan profit in the corresponding period last year.
The firm has decided to transform and meet the needs of the majority of the public by providing them with affordable food in an atmosphere which is suitable for family and friends, Meng said.
Xiangeqing was the country's first private catering company that listed in A-shares. It was listed on Shenzhen Stock Exchange in November 2009.
Xiangeqing is re