trending Market Intelligence /marketintelligence/en/news-insights/trending/dL8Rxnj1cxhUWYPXEo4Auw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Zhejiang Aokang Shoes profit holds mostly steady YOY in Q2


Minimizing Risk at a Bank with a Trade Intelligence Platform


2021 US broadband forecast lifted by rising digital home profiles


Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Zhejiang Aokang Shoes profit holds mostly steady YOY in Q2

Zhejiang Aokang Shoes Co. Ltd. said its normalized net income for the second quarter was 20 fen per share, compared with 20 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 81.4 million yuan, compared with 81.7 million yuan in the prior-year period.

The normalized profit margin climbed to 11.8% from 10.4% in the year-earlier period.

Total revenue declined 9.1% on an annual basis to 713.3 million yuan from 784.9 million yuan, and total operating expenses fell 11.3% from the prior-year period to 593.7 million yuan from 669.1 million yuan.

Reported net income declined 9.6% year over year to 98.7 million yuan, or 25 fen per share, from 109.2 million yuan, or 27 fen per share.

As of Aug. 16, US$1 was equivalent to 6.63 yuan.