trending Market Intelligence /marketintelligence/en/news-insights/trending/aGU-cWms8rthjZduxKJD1w2 content esgSubNav
In This List

Shenzhen China Bicycle Q3 profit climbs YOY

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

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


Shenzhen China Bicycle Q3 profit climbs YOY

Shenzhen China Bicycle Co. (Holdings) Ltd. said its third-quarter normalized net income amounted to 1.2 million yuan, a rise from 113,100 yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 2.3% from 0.2% in the year-earlier period.

Total revenue decreased 13.7% on an annual basis to 54.2 million yuan from 62.8 million yuan, and total operating expenses fell 18.2% year over year to 51.2 million yuan from 62.6 million yuan.

Reported net income grew from the prior-year period to 1.6 million yuan, or 0 fen per share, from 121,940 yuan, or 0 fen per share.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.