trending Market Intelligence /marketintelligence/en/news-insights/trending/bqR3rxc93ornRG35RjCWyg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Shanghai Yuyuan Tourist Mart swings to loss in Q4

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Shanghai Yuyuan Tourist Mart swings to loss in Q4

Shanghai Yuyuan Tourist Mart Co. Ltd. said its normalized net income for the fourth quarter came to a loss of 5 fen per share, compared with the S&P Capital IQ consensus estimate of 10 fen per share.

The per-share result swung to a loss from the prior-year profit of 13 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 71.5 million yuan, compared with income of 179.8 million yuan in the prior-year period.

The normalized profit margin fell to negative 2.2% from 5.1% in the year-earlier period.

Total revenue declined 7.8% on an annual basis to 3.22 billion yuan from 3.50 billion yuan, and total operating expenses decreased from the prior-year period to 3.27 billion yuan from 3.42 billion yuan.

Reported net income fell 82.4% on an annual basis to 55.6 million yuan, or 4 fen per share, from 316.0 million yuan, or 22 fen per share.

For the year, the company's normalized net income totaled 22 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 35 fen.

EPS declined 47.6% from 43 fen in the prior year.

Normalized net income was 321.8 million yuan, a decline of 47.6% from 613.9 million yuan in the prior year.

Full-year total revenue fell 10.9% year over year to 15.64 billion yuan from 17.55 billion yuan, and total operating expenses fell 11.1% on an annual basis to 15.07 billion yuan from 16.94 billion yuan.

The company said reported net income fell 43.6% on an annual basis to 478.8 million yuan, or 33 fen per share, in the full year, from 849.1 million yuan, or 59 fen per share.

As of March 27, US$1 was equivalent to 6.88 yuan.