trending Market Intelligence /marketintelligence/en/news-insights/trending/5_18uc4KKGHB3gAOG7MMFA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Shanghai Feilo Acoustics Q2 profit falls YOY

Gender Parity within German Banks


Episode 14: A Quantum of Technology


Deal Trends in Latin America, Issue 13


Capital Markets View April 2021

Shanghai Feilo Acoustics Q2 profit falls YOY

Shanghai Feilo Acoustics Co. Ltd. said its normalized net income for the second quarter amounted to 2 fen per share, a decline of 19.6% from 2 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 18.9 million yuan, a decline of 16.5% from 22.6 million yuan in the prior-year period.

The normalized profit margin dropped to 2.0% from 2.9% in the year-earlier period.

Total revenue grew 83.8% on an annual basis to 1.44 billion yuan from 782.9 million yuan, and total operating expenses climbed 82.4% from the prior-year period to 1.39 billion yuan from 762.4 million yuan.

Reported net income increased 21.1% year over year to 35.0 million yuan, or 3 fen per share, from 28.9 million yuan, or 3 fen per share.

As of Aug. 26, US$1 was equivalent to 6.67 yuan.