trending Market Intelligence /marketintelligence/en/news-insights/trending/6nUgJQ9BDQnnCGJyn-BbZg2 content esgSubNav
In This List

Zhejiang Golden Eagle 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Zhejiang Golden Eagle Q1 profit falls YOY

Zhejiang Golden Eagle Co. Ltd. said its first-quarter normalized net income was 3.1 million yuan, a fall of 28.3% from 4.3 million 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 dropped to 1.5% from 1.9% in the year-earlier period.

Total revenue declined 6.5% on an annual basis to 215.3 million yuan from 230.3 million yuan, and total operating expenses decreased 7.1% from the prior-year period to 206.4 million yuan from 222.2 million yuan.

Reported net income fell year over year to 3.4 million yuan, or 1 fen per share, from 3.5 million yuan, or 1 fen per share.

As of April 30, US$1 was equivalent to 6.20 yuan.