China Star Food Group Limited announced earnings results for the third quarter ended Dec. 31, 2016. For the period, the company saw net profit fall 28.3% to CNY 12.1 million as revenue dropped 6.7% to CNY 122.6 million.

The company provided sales guidance for the fiscal 2017. The company's recent breakthrough into Walmart China has helped opened new grounds for its development, with the company projecting CNY 20 million (SGD 4.1 million) of sales in 2017 from the new venture.

The company foresees that its fourth quarter production volume will be heavily impacted for the three months ending March 31, 2017 due to a halt in production. This is because the factories have been shut from Jan. 20, 2017 for the Chinese New Year holidays and will open after a month.