trending Market Intelligence /marketintelligence/en/news-insights/trending/5JM1Fky7pPpf892DWWy2xA2 content esgSubNav
In This List

Jinzi Ham Q1 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Jinzi Ham Q1 profit falls YOY

Jinzi Ham Co.Ltd. said its normalized net income for the first quarter amounted to 6.6 million yuan, a decrease of 17.4% from 8.0 million yuan in the prior-year period.

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

The normalized profit margin climbed to 11.4% from 9.8% in the year-earlier period.

Total revenue decreased 21.3% on an annual basis to 64.4 million yuan from 81.8 million yuan, and total operating expenses fell 18.8% year over year to 57.5 million yuan from 70.8 million yuan.

Reported net income increased on an annual basis to 12.2 million yuan, or 2 fen per share, from 12.1 million yuan, or 1 fen per share.

As of April 19, US$1 was equivalent to 6.46 yuan.