Fu Shou Yuan

[winston]

COMPANY PROFILE

Fu Shou Yuan International Group Ltd. is principally engaged in the provision of burial services and funeral services.

The Company operates through three business segments.

The Burial Services segment is engaged in the sales of burial plots and provision of cemetery maintenance services.

The Funeral Services segment is engaged in the arrangement and interment, the organization and hosting of funeral.

The Auxiliary Services segment is engaged in the provision of landscape and garden design services, as well as the production, sales and maintenance of cremation machines.

The Company is also engaged in the investment holding and sales of agricultural products through its subsidiaries. *

[winston]

China’s ‘Moutai of funeral services’ posts first loss in a decade as consumers stay cautious

The 31-year-old company attributes its US$36 million first-half net loss to weak demand

China’s largest cemetery operator and funeral services provider, Fu Shou Yuan, reported its first loss in more than a decade, becoming the latest casualty of sluggish consumer spending in the country.

For the first six months of this year, the 31-year-old Shanghai-based company posted a net loss of 261 million yuan (US$36.6 million), its first loss since 2010, according to interim results released on Friday.

Total revenue plunged 44.5 per cent to 610.9 million yuan.

Revenue from burial services, primarily involving the sale of burial plots, fell 47 per cent to 477 million yuan, while funeral services experienced a 34 per cent decline, totalling 122 million yuan.

Source: SCMP

https://www.scmp.com/business/china-bus ... 07d6&tc=10