On February 25, Apple Flavor & Fragrance Group Co.Ltd(603020) (hereinafter referred to as ” Apple Flavor & Fragrance Group Co.Ltd(603020) “) announced that the warehouse of Kerry Zhizhen logistics (Shanghai) Co., Ltd. (hereinafter referred to as “Kerry Zhizhen”) in Jiading District, Shanghai caught fire for some reason, resulting in damage to the products stored in the warehouse by Apple Flavor & Fragrance Group Co.Ltd(603020) two holding subsidiaries. The specific damage is still being counted, and Apple Flavor & Fragrance Group Co.Ltd(603020) will start relevant claim and claim settlement procedures.
According to the announcement, Apple Flavor & Fragrance Group Co.Ltd(603020) on February 25, the information received from Kerry Zhizhen showed that the warehouse at No. 288 Xingshun Road, Jiading District, Shanghai where its products were stored caught fire for some reason on February 24, 2022, resulting in the damage of products in the warehouse. The specific damage is still being counted, and there is no exact quantity at present.
According to the announcement, Apple Flavor & Fragrance Group Co.Ltd(603020) holding subsidiaries Tianshun (Hangzhou) Food Co., Ltd. (hereinafter referred to as “Tianshun food”) and Shanghai MengZe Trading Co., Ltd. (hereinafter referred to as “Mengze trading”) lease the warehouse for storage respectively. According to preliminary statistics, the value of items stored in the warehouse by Tianshun food and Mengze commerce and trade is about 30 million yuan to 33 million yuan, Apple Flavor & Fragrance Group Co.Ltd(603020) will start relevant claim and claim settlement procedures.
Apple Flavor & Fragrance Group Co.Ltd(603020) it is expected that the accident will have a certain impact on the production and operation of Tianshun food and Mengze commerce. As of the disclosure date of the announcement, all businesses of the above two holding subsidiaries were carried out normally.
Statistics show that Apple Flavor & Fragrance Group Co.Ltd(603020) was established in 1995 and listed in 2015. It is a manufacturing enterprise in China’s flavor and food additives industry. Its main products include flavors, spices, food ingredients, and dairy products. In 2020, Apple Flavor & Fragrance Group Co.Ltd(603020) revenue was 2.668 billion yuan, a year-on-year increase of 7.82%; The net profit was 170 million yuan, a year-on-year increase of 12.15%.
