trending Market Intelligence /marketintelligence/en/news-insights/trending/An6GzsQnHVCeW_Xf4-qIUg2 content esgSubNav
In This List

Ningbo Jifeng Auto Parts Q1 profit falls YOY

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

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Ningbo Jifeng Auto Parts Q1 profit falls YOY

Ningbo Jifeng Auto Parts Co. Ltd. said its first-quarter normalized net income came to 7 fen per share, a decline of 7.5% from 7 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 37.5 million yuan, a decline of 6.6% from 40.2 million yuan in the year-earlier period.

The normalized profit margin declined to 13.9% from 17.7% in the year-earlier period.

Total revenue rose 20.5% on an annual basis to 273.6 million yuan from 227.0 million yuan, and total operating expenses grew 25.9% on an annual basis to 207.0 million yuan from 164.4 million yuan.

Reported net income totaled 52.3 million yuan, or 9 fen per share, compared to 51.8 million yuan, or 9 fen per share, in the prior-year period.

As of April 29, US$1 was equivalent to 6.20 yuan.