trending Market Intelligence /marketintelligence/en/news-insights/trending/fmKLJXZHxLyghK9B43XGhg2 content esgSubNav
In This List

Lanzhou Sanmao Industrial Q3 loss widens YOY

Blog

Navigating sanctions evasion − Trade analysis of high-priority goods exports to Russia

Podcast

MediaTalk | Season 2
EP 22 - Warner Bros. Discovery on the Summer Games and the World

Blog

Greater China M&A By the Numbers: Q4 2023

CASE STUDY

An Insurance Company Uses S&P Capital IQ Workbench to Uncover Insights from SEC Filings


Lanzhou Sanmao Industrial Q3 loss widens YOY

Lanzhou Sanmao Industrial Co. Ltd. said its normalized net income for the third quarter came to a loss of 5 fen per share, compared with a loss of 2 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 9.3 million yuan, compared with a loss of 3.6 million yuan in the prior-year period.

The normalized profit margin declined to negative 14.3% from negative 6.1% in the year-earlier period.

Total revenue increased 10.1% on an annual basis to 64.9 million yuan from 59.0 million yuan, and total operating expenses grew 8.6% on an annual basis to 71.0 million yuan from 65.4 million yuan.

Reported net income totaled a loss of 14.8 million yuan, or a loss of 8 fen per share, compared to a loss of 5.8 million yuan, or a loss of 3 fen per share, in the prior-year period.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.