Consumer & Categories
“Duck Neck King” Falls into Its Darkest Hour
Amid consumption downgrading and intensifying industry competition, the former “Duck Neck King” is facing an unprecedented survival crisis. On September 19, Juewei Food announced it had received an advance notice of administrative penalty from the Hunan Regulatory Bureau of the China Securities Regulatory Commission for failing to recognize franchise store decoration revenue from 2017 to 2021, resulting in understated revenue in annual reports and false financial records. Consequently, the company's stock will be subject to other risk warnings (ST).
张铁