trending Market Intelligence /marketintelligence/en/news-insights/trending/EjU09yz5fgwHUJEVWBWEfg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Hainan Dadonghai Tourism Centre swings to loss in Q4

Blog

Tech in Banking: An Age of Digital Disruption

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Hainan Dadonghai Tourism Centre swings to loss in Q4

Hainan Dadonghai Tourism Centre (Holdings) Co. Ltd. said its normalized net income for the fourth quarter came to a loss of 339,460 yuan, compared with income of 640,660 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 declined to negative 24.5% from 12.2% in the year-earlier period.

Total revenue decreased 12.3% on an annual basis to 4.6 million yuan from 5.3 million yuan, and total operating expenses fell 16.5% from the prior-year period to 5.6 million yuan from 6.7 million yuan.

Reported net income totaled a loss of 1.0 million yuan, or a loss of 0 fen per share, compared to income of 4.2 million yuan, or 1 fen per share, in the year-earlier period.

For the year, the company's normalized net income totaled 5.2 million yuan, compared with a loss of -443,740 yuan in the prior year.

Full-year total revenue decreased 21.4% on an annual basis to 15.9 million yuan from 20.2 million yuan, and total operating expenses came to 24.7 million yuan, compared with 24.9 million yuan in the prior-year period.

The company said reported net income came to a loss of 7.5 million yuan, or a loss of 2 fen per share, in the full year, compared with income of 2.5 million yuan, or 1 fen per share, the prior year.

As of March 25, US$1 was equivalent to 6.51 yuan.