trending Market Intelligence /marketintelligence/en/news-insights/trending/0ZzSM6hLKMcx_SSAhkWtyg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Shanghai Phoenix Enterprise swings to profit in Q1

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

Blog

The State of Green Business 2021: Positive Impact

Blog

European subscription OTT video 5-year outlook


Shanghai Phoenix Enterprise swings to profit in Q1

Shanghai Phoenix Enterprise (Group) Co. Ltd. said its normalized net income for the first quarter was 2.7 million yuan, compared with a loss of 1.0 million yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.6% from negative 1.5% in the year-earlier period.

Total revenue grew 40.3% year over year to 100.9 million yuan from 71.9 million yuan, and total operating expenses grew 13.9% year over year to 98.1 million yuan from 86.1 million yuan.

Reported net income came to 5.7 million yuan, or 1 fen per share, compared to a loss of 789,340 yuan, or a loss of 0 fen per share, in the year-earlier period.

As of April 28, US$1 was equivalent to 6.48 yuan.