trending Market Intelligence /marketintelligence/en/news-insights/trending/4kdMMQKiRBMSiRN9PuFrfg2 content esgSubNav
In This List

Hangzhou Great Star Industrial Q1 profit falls 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Hangzhou Great Star Industrial Q1 profit falls YOY

Hangzhou Great Star Industrial Co. Ltd. said its normalized net income for the first quarter came to 7 fen per share, a decline of 10.4% from 8 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 67.6 million yuan, a decrease of 15.0% from 79.5 million yuan in the year-earlier period.

The normalized profit margin dropped to 10.7% from 14.7% in the year-earlier period.

Total revenue increased 17.4% on an annual basis to 634.2 million yuan from 540.1 million yuan, and total operating expenses increased 21.6% from the prior-year period to 548.4 million yuan from 451.2 million yuan.

Reported net income came to 86.8 million yuan, or 9 fen per share, compared to 91.5 million yuan, or 9 fen per share, in the prior-year period.

As of April 28, US$1 was equivalent to 6.20 yuan.