Recently, the third quarter report ofAngel Yeast Co., Ltdrevealedthe total revenue in the first three quarters hit RMB6.426 billion, with an increase of 15.58% compared with the same period last year; net profit was RMB1.012 billion,up by 52.12% over the same period last year.

　　Confronted with the sudden attack of the epidemic, Angel Yeast, while targeting both the domestic and overseas markets,has adjusted strategies in timeto stabilize B-end customers, expand C-end marketand simultaneouslydevelop online and offlinemarketing. In the first three quarters, domestic business increased by 13.8% and international business grew by 16.4%.

　　During the epidemic, Angel’s technical personnel have conducted online office discussions, performed experiments atstaggered hoursand continued their technological innovation and product development without interruption. As a result, a variety of new raw food materials and health products were launchedas planned. In the first three quarters, the company has completed 80.87% of the annual technological innovation plan.

　　In post-epidemic recovery, the companyhas gained new growthimpetus with several new projects. It has set up a subsidiarycompanyin the comprehensive bonded zone to open cross-border e-commerce business. The AngelNutritech Co. Ltd. has been founded in Wujiagang district, where factories were built for new production linesof rawfood materials. Subsidiarieshave also beenset up in Xiaoting district and Pu'er, Yunnan province, launchingthe relocation of urban facilitiesand the preliminary work of the Lancang yeast project. In the first three quarters, threeprojects were put into production with an investment of RMB330 million.