trending Market Intelligence /marketintelligence/en/news-insights/trending/a7ozOKYUHC7gypfYtmToPQ2 content esgSubNav
In This List

Sanan Optoelectronics Q1 profit climbs 44.2% YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Sanan Optoelectronics Q1 profit climbs 44.2% YOY

Sanan Optoelectronics Co. Ltd. said its normalized net income for the first quarter was 12 fen per share, a gain of 47.5% from 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 481.2 million yuan, a gain of 44.2% from 333.6 million yuan in the prior-year period.

The normalized profit margin fell to 24.2% from 28.3% in the year-earlier period.

Total revenue increased 68.9% on an annual basis to 1.99 billion yuan from 1.18 billion yuan, and total operating expenses increased 44.3% from the prior-year period to 1.23 billion yuan from 853.5 million yuan.

Reported net income rose 51.1% on an annual basis to 691.0 million yuan, or 17 fen per share, from 457.2 million yuan, or 11 fen per share.

As of April 24, US$1 was equivalent to 6.89 yuan.