trending Market Intelligence /marketintelligence/en/news-insights/trending/2KF7C7EoWoMJ7j1YkTvsAA2 content esgSubNav
In This List

Harbin VITI Q2 profit falls YOY

Blog

S&P 500 Q1 2024 Sector Earnings & Revenue Data

Podcast

MediaTalk | Season 2
EP 23 - Women's Sports Turning Moments into Movements

Case Study

An Investment Bank Turns to S&P Global Market Intelligence for a Flexible Business Model

Case Study

A PE Firm Selects S&P Global Market Intelligence for Access to Superior Data and Analytics


Harbin VITI Q2 profit falls YOY

Harbin VITI Electronics Co. Ltd. said its normalized net income for the second quarter came to 3 fen per share, a decrease of 58.0% from 7 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 11.3 million yuan, a decline of 44.0% from 20.1 million yuan in the year-earlier period.

The normalized profit margin declined to 24.7% from 33.2% in the year-earlier period.

Total revenue declined 24.7% year over year to 45.7 million yuan from 60.7 million yuan, and total operating expenses declined 25.9% from the prior-year period to 27.6 million yuan from 37.2 million yuan.

Reported net income declined 42.1% year over year to 16.9 million yuan, or 5 fen per share, from 29.2 million yuan, or 11 fen per share.

As of Aug. 7, US$1 was equivalent to 6.21 yuan.