trending Market Intelligence /marketintelligence/en/news-insights/trending/BupJBfi4AuRMPonKAiAiAw2 content esgSubNav
In This List

Shenzhen Huakong Seg Q1 loss widens 45.8% YOY

Blog

Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022


Shenzhen Huakong Seg Q1 loss widens 45.8% YOY

Shenzhen Huakong Seg Co. Ltd. said its normalized net income for the first quarter came to a loss of 8.0 million yuan, compared with a loss of 5.5 million yuan in the prior-year period.

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

The normalized profit margin rose to negative 42.1% from negative 64.1% in the year-earlier period.

Total revenue increased year over year to 18.8 million yuan from 8.6 million yuan, and total operating expenses rose 59.1% from the prior-year period to 33.9 million yuan from 21.3 million yuan.

Reported net income totaled a loss of 13.0 million yuan, or a loss of 1 fen per share, compared to a loss of 10.8 million yuan, or a loss of 1 fen per share, in the year-earlier period.

As of April 20, US$1 was equivalent to 6.47 yuan.