trending Market Intelligence /marketintelligence/en/news-insights/trending/X5uAuKJAEfw6jXD1SUhfSg2 content esgSubNav
In This List

North Electro-Optic swings to loss in Q1

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

MediaTalk | Season 2
EP 16 - Streamers' Quest for Profitability: Ads vs. Price Hikes


North Electro-Optic swings to loss in Q1

North Electro-Optic Co.Ltd. said its first-quarter normalized net income amounted to a loss of 731,020 yuan, compared with income of 1.5 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 declined to 0.6% from 0.9% in the year-earlier period.

Total revenue totaled 165.9 million yuan, compared with 166.7 million yuan in the year-earlier period, and total operating expenses grew from the prior-year period to 170.0 million yuan from 164.2 million yuan.

Reported net income fell 73.6% from the prior-year period to 609,220 yuan, or 0 fen per share, from 2.3 million yuan, or 1 fen per share.

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