trending Market Intelligence /marketintelligence/en/news-insights/trending/JcLl7mcTmqqIt57YnI1XQw2 content esgSubNav
In This List

Better Life Commercial Chain Share Q4 loss narrows YOY

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Better Life Commercial Chain Share Q4 loss narrows YOY

Better Life Commercial Chain Share Co. Ltd. said its fourth-quarter normalized net income was a loss of 3 fen per share, compared with a loss of 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 a loss of 23.4 million yuan, compared with a loss of 65.1 million yuan in the year-earlier period.

The normalized profit margin rose to negative 0.6% from negative 1.7% in the year-earlier period.

Total revenue grew on an annual basis to 3.90 billion yuan from 3.77 billion yuan, and total operating expenses increased on an annual basis to 3.92 billion yuan from 3.82 billion yuan.

Reported net income totaled a loss of 41.3 million yuan, or a loss of 5 fen per share, compared to a loss of 25.4 million yuan, or a loss of 3 fen per share, in the prior-year period.

For the year, the company's normalized net income totaled 10 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 24 fen.

EPS declined 37.9% from 16 fen in the prior year.

Normalized net income was 79.8 million yuan, a decline of 36.5% from 125.6 million yuan in the prior year.

Full-year total revenue totaled 15.47 billion yuan, compared with 15.45 billion yuan in the prior year, and total operating expenses totaled 15.30 billion yuan, compared with 15.22 billion yuan in the year-earlier period.

The company said reported net income decreased 37.9% on an annual basis to 132.7 million yuan, or 17 fen per share, in the full year, from 213.8 million yuan, or 28 fen per share.

As of April 11, US$1 was equivalent to 6.90 yuan.