trending Market Intelligence /marketintelligence/en/news-insights/trending/3Xb-Pnc-60kFdOKJs9H_4w2 content esgSubNav
In This List

Winall Hi-tech Seed Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Winall Hi-tech Seed Q1 loss narrows YOY

Winall Hi-tech Seed Co. Ltd. said its first-quarter normalized net income came to a loss of 561,550 yuan, compared with a loss of 626,000 yuan in the year-earlier period.

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

The normalized profit margin increased to negative 0.4% from negative 0.8% in the year-earlier period.

Total revenue increased 9.0% year over year to 89.4 million yuan from 82.0 million yuan, and total operating expenses grew 9.3% year over year to 83.8 million yuan from 76.7 million yuan.

Reported net income declined 21.1% year over year to 1.5 million yuan, or 0 fen per share, from 1.9 million yuan, or 0 fen per share.

As of April 24, US$1 was equivalent to 6.19 yuan.