Sino Grandness Food Industry Group Limited reported unaudited earnings results for the first first quarter ended March 31, 2017. For the quarter, the company's revenue was RMB 635.1 million against RMB 723.7 million a year ago. Net profit attributable to shareholders was RMB 52.8 million against RMB 360.2 million a year ago. Adjusted net profit was RMB 59.9 million against RMB 110.7 million a year ago. Earnings per share decreased by 85.3% to 1.1 Singapore cents from 7.5 Singapore cents in 2016.

Barring unforeseen circumstances, the group remains optimistic about its operating performance in for the year 2017.