trending Market Intelligence /marketintelligence/en/news-insights/trending/euJu2R-P-h_h4oIu_QdCxw2 content esgSubNav
In This List

Sichuan Swellfun swings to profit in Q1

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


Sichuan Swellfun swings to profit in Q1

Sichuan Swellfun Co. Ltd. said its normalized net income for the first quarter came to 9 fen per share, compared with a loss of 13 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 45.1 million yuan, compared with a loss of 64.2 million yuan in the prior-year period.

The normalized profit margin climbed to 17.6% from negative 86.3% in the year-earlier period.

Total revenue increased on an annual basis to 263.6 million yuan from 74.3 million yuan, and total operating expenses grew 6.9% on an annual basis to 191.7 million yuan from 179.4 million yuan.

Reported net income came to 48.1 million yuan, or 10 fen per share, compared to a loss of 85.5 million yuan, or a loss of 18 fen per share, in the year-earlier period.

As of April 30, US$1 was equivalent to 6.20 yuan.