trending Market Intelligence /marketintelligence/en/news-insights/trending/3IYzIoVxpuxh07m6ySrVMA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Jinfa Labi Maternity Q2 profit falls YOY


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Jinfa Labi Maternity Q2 profit falls YOY

Jinfa Labi Maternity & Baby Articles Co. Ltd said its second-quarter normalized net income amounted to 6 fen per share, a decline of 14.0% 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 11.9 million yuan, a decrease of 15.0% from 14.0 million yuan in the year-earlier period.

The normalized profit margin dropped to 14.6% from 14.8% in the year-earlier period.

Total revenue declined 13.7% year over year to 82.1 million yuan from 95.1 million yuan, and total operating expenses decreased 11.8% year over year to 65.6 million yuan from 74.4 million yuan.

Reported net income fell 13.1% on an annual basis to 14.4 million yuan, or 7 fen per share, from 16.6 million yuan, or 8 fen per share.

As of Aug. 24, US$1 was equivalent to 6.66 yuan.