trending Market Intelligence /marketintelligence/en/news-insights/trending/AUHdrb8apziF426AYnTISw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

SORL Auto Parts Q1 profit falls YOY

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

SORL Auto Parts Q1 profit falls YOY

SORL Auto Parts Inc. said its first-quarter normalized net income came to 1 cents per share, a decline of 90.7% from 13 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $229,440, a decline of 90.7% from $2.5 million in the year-earlier period.

The normalized profit margin declined to 0.4% from 4.7% in the year-earlier period.

Total revenue increased on an annual basis to $53.8 million from $52.2 million, and total operating expenses rose 10.6% year over year to $52.7 million from $47.7 million.

Reported net income fell 87.5% year over year to $386,100, or 2 cents per share, from $3.1 million, or 16 cents per share.