Angel Yeast’s 2020 Annual Summary

In 2020, Angel Yeast achieved revenue of RMB 8.93 billion yuan (USD $1.36 billion), up 16.73% year-on-year. It’s worth noticing that Angel Yeast’s online sales revenue was RMB 3.29 billion yuan (USD $500 million), up 23.46% year-on-year. In order to expand production capacity, Angel Yeast invested RMB 247 million (USD $38 million) to build a fully digitalized intelligent factory, which has an annual output value of RMB 1 billion yuan (USD $150 million). It is also reported that Angel Yeast started to launch healthy snack products in June 2020 and is expected to reach 30 products in 2021. In the future, Angel Yeast will focus on family nutrition, fermented nutritional snacks, and flagship products.(Source: Shuzhengkangxun)