trending Market Intelligence /marketintelligence/en/news-insights/trending/eTbsZb3Tck658hxBXqn96g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Sinoer Men's Wear Q4 loss widens YOY

Blog

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

Blog

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

Blog

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

Blog

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


Sinoer Men's Wear Q4 loss widens YOY

Sinoer Men's Wear Co. Ltd. said its fourth-quarter normalized net income came to a loss of 9 fen per share, compared with a loss of 5 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 a loss of 46.3 million yuan, compared with a loss of 21.5 million yuan in the prior-year period.

The normalized profit margin declined to negative 19.1% from negative 7.2% in the year-earlier period.

Total revenue fell 13.6% on an annual basis to 257.4 million yuan from 297.8 million yuan, and total operating expenses decreased on an annual basis to 327.7 million yuan from 332.2 million yuan.

Reported net income totaled 22.5 million yuan, or 4 fen per share, compared to a loss of 17.4 million yuan, or a loss of 4 fen per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 15 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 7 fen.

EPS was a loss of 12 fen in the prior year.

Normalized net income was a loss of 46.5 million yuan, compared with a loss of 38.8 million yuan in the prior year.

Full-year total revenue decreased year over year to 1.01 billion yuan from 1.03 billion yuan, and total operating expenses came to 1.08 billion yuan, compared with 1.08 billion yuan in the year-earlier period.

The company said reported net income totaled 22.6 million yuan, or 7 fen per share, in the full year, compared with a loss of 46.6 million yuan, or a loss of 15 fen per share, the prior year.

As of March 9, US$1 was equivalent to 6.51 yuan.