trending Market Intelligence /marketintelligence/en/news-insights/trending/1hdV8aVGIS2PDOeQxTK54w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

CRRC profit misses consensus by 29.8% in Q2

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

CRRC profit misses consensus by 29.8% in Q2

CRRC Corp. Ltd. said its second-quarter normalized net income came to 7 fen per share, compared with the S&P Capital IQ consensus estimate of 10 fen per share.

EPS declined 11.2% year over year from 8 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.89 billion yuan, a decrease of 11.3% from 2.13 billion yuan in the prior-year period.

The normalized profit margin climbed to 4.6% from 4.0% in the year-earlier period.

Total revenue rose on an annual basis to 53.76 billion yuan from 52.77 billion yuan, and total operating expenses climbed year over year to 49.88 billion yuan from 48.74 billion yuan.

Reported net income increased from the prior-year period to 2.88 billion yuan, or 11 fen per share, from 2.75 billion yuan, or 10 fen per share.

As of Aug. 22, US$1 was equivalent to 6.64 yuan.