Huabao Flavours & Fragrances Is Featured on the Comprehensive List of Top 100 Enterprises in China Light Industry (2019)

Recently, China Light Industry Internet (www.clii.com.cn), the official website of China National Light Industry Council released the List of Top 100 Enterprises in China Light Industry (2019). Huabao Flavours & Fragrances Co., Ltd. (the “Company”) has been featured on the Comprehensive List of Top 100 Enterprises in China Light Industry (2019), which is another important award recognizing Huabao’s comprehensive strength after the Company was awarded “2018 Top 100 Science &Technology Enterprises in China Light Industry” and “2018 Top 10 Flavors Enterprises in China Light Industry (Ranking No. 1)” in the previous year.

With joint efforts of all staff, as at December 31, 2019, the total annual revenue of Huabao Flavours & Fragrances in 2019 was RMB 2,185 million, with the net profit of RMB 1,254 million and the research & development input of RMB 164,528,700 (accounting for 7.53% of the total annual revenue). Through carrying out quantitative scoring on the six indicators (i.e. annual revenue, realized profit, scientific research input, growth rate of annual revenue, rate of profit, proportion of taxes to total taxes and profits) of enterprises in China light industry in 2019, China National Light Industry Council has appraised the top 100 enterprise in China’s light industry. By virtue of its excellent performance in terms of the six indicators above, Huabao has been included in the Comprehensive List of Top 100 Enterprises in China Light Industry (2019).

This award not only recognizes the achievements that Huabao made in the previous year, but also demonstrates the Company’s comprehensive strength. In recent years, as the leader in China’s flavor industry, Huabao has been adhering to its corporate vision of “Flavor Your Life”, insisting on innovation and keeping robust development. In the future, the Company will continue to uphold the enterprise spirit of “Innovation, Pragmatism, Loyalty, and Collaboration”, increase its scientific research input, strengthen its talent teams, expand both the domestic and overseas market, earn stronger presence of its main business and maintain sustainable growth, so as to repay the investors and society with good performance.