Pingtan Marine Enterprise Ltd.'s Corporate Customers have recorded an advance in their cost of revenue by 3.04 % in the 4 quarter 2019 year on year, sequentially costs of revenue were trimmed by -5.81 %. During the corresponding time, Pingtan Marine Enterprise Ltd. saw a revenue deteriorated by -23.87 % year on year, sequentially revenue fell by -56.09 %. While revenue at the Pingtan Marine Enterprise Ltd.'s corporate clients recorded rose by 2.91 % year on year, sequentially revenue fell by -5.86 %.
Pingtan Marine Enterprise Ltd.'s Customers have recorded an advance in their cost of revenue by 3.04 % in the 4 quarter 2019 year on year, sequentially costs of revenue were trimmed by -5.81 %, for the same period Pingtan Marine Enterprise Ltd. revnue deteriorated by -23.87 % year on year, sequentially revenue fell by -56.09 %.
Pingtan Marine Enterprise Ltd.'s Comment on Sales, Marketing and Customers
We have established long-term relationships with a number of customers, who send
purchasing representatives to our cold storage facilities to select goods to purchase.
The customer indicates the type, size and quantity as well as price and delivery
schedules before the fish is moved into our cold storage facilities. Handling
and transportation fees are borne by the customer when the goods are delivered.
The proportion of these sales depends on the season and the nature of the catch
including species, size and quality. Remaining products are sold out of cold storage
within three months of landing.
Pingtan Marine Enterprise Ltd.’s Comment on Sales, Marketing and Customers
We have established long-term relationships with a number of customers, who send
purchasing representatives to our cold storage facilities to select goods to purchase.
The customer indicates the type, size and quantity as well as price and delivery
schedules before the fish is moved into our cold storage facilities. Handling
and transportation fees are borne by the customer when the goods are delivered.
The proportion of these sales depends on the season and the nature of the catch
including species, size and quality. Remaining products are sold out of cold storage
within three months of landing.
Sources:
Pingtan Marine Enterprise Ltd.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Pingtan Marine Enterprise Ltd.’s corporate clients.
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