trending Market Intelligence /marketintelligence/en/news-insights/trending/CeHhspnZ655Q5CRFNNEu6Q2 content esgSubNav
In This List

Yantai Tayho Advanced Materials 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Yantai Tayho Advanced Materials Q1 profit falls YOY

Yantai Tayho Advanced Materials Co. Ltd. said its first-quarter normalized net income came to 2 fen per share, a decline of 61.9% from 6 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 15.9 million yuan, a decline of 58.4% from 38.1 million yuan in the prior-year period.

The normalized profit margin declined to 4.7% from 9.5% in the year-earlier period.

Total revenue decreased 13.6% on an annual basis to 348.7 million yuan from 403.4 million yuan, and total operating expenses fell 7.1% year over year to 313.6 million yuan from 337.6 million yuan.

Reported net income decreased 56.3% from the prior-year period to 22.1 million yuan, or 3 fen per share, from 50.7 million yuan, or 8 fen per share.

As of April 28, US$1 was equivalent to 6.20 yuan.