trending Market Intelligence /marketintelligence/en/news-insights/trending/S2jMibmQ_1pbKFqSahpYKQ2 content esgSubNav
In This List

CNPC Capital swings to loss in Q2

Blog

Europe: 5 key OTT trends to watch in 2022

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


CNPC Capital swings to loss in Q2

CNPC Capital Co. Ltd. said its normalized net income for the second quarter came to a loss of 65.3 million yuan, compared with income of 4,190 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 0.7% from 0.0% in the year-earlier period.

Total revenue fell 70.1% year over year to 109.8 million yuan from 366.7 million yuan, and total operating expenses declined 44.7% from the prior-year period to 198.3 million yuan from 358.8 million yuan.

Reported net income came to a loss of 116.8 million yuan, or a loss of 40 fen per share, compared with income of 3.8 million yuan, or 1 fen per share, in the year-earlier period.

As of Aug. 30, US$1 was equivalent to 6.67 yuan.