trending Market Intelligence /marketintelligence/en/news-insights/trending/TLoIh4mDvUZV2-ErpfQX5A2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Jiangxi Zhengbang Technology profit misses consensus by 58.4% in Q1

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

BLOG

Investment Banking Essentials Newsletter: June Edition

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Jiangxi Zhengbang Technology profit misses consensus by 58.4% in Q1

Jiangxi Zhengbang Technology Co.Ltd. said its normalized net income for the first quarter amounted to 7 fen per share, compared with the S&P Capital IQ consensus estimate of 16 fen per share.

The per-share result swung to a profit from the prior-year loss of 2 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 136.7 million yuan, compared with a loss of 35.5 million yuan in the year-earlier period.

The normalized profit margin increased to 3.6% from negative 1.0% in the year-earlier period.

Total revenue rose 9.3% year over year to 4.01 billion yuan from 3.67 billion yuan, and total operating expenses came to 3.74 billion yuan, compared with 3.71 billion yuan in the year-earlier period.

Reported net income came to 228.1 million yuan, or 11 fen per share, compared to a loss of 62.4 million yuan, or a loss of 4 fen per share, in the year-earlier period.

As of April 21, US$1 was equivalent to 6.48 yuan.