trending Market Intelligence /marketintelligence/en/news-insights/trending/h5xNwfBAf63HHM8TNrTpag2 content esgSubNav
In This List

Shanghai Kaichuang Marine International Q1 loss widens YOY

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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Shanghai Kaichuang Marine International Q1 loss widens YOY

Shanghai Kaichuang Marine International Co. Ltd. said its normalized net income for the first quarter amounted to a loss of 15 fen per share, compared with a loss of 7 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 31.8 million yuan, compared with a loss of 14.1 million yuan in the year-earlier period.

The normalized profit margin declined to negative 56.5% from negative 10.7% in the year-earlier period.

Total revenue decreased 47.0% on an annual basis to 69.7 million yuan from 131.6 million yuan, and total operating expenses declined 33.2% on an annual basis to 130.0 million yuan from 194.6 million yuan.

Reported net income came to a loss of 53.5 million yuan, or a loss of 26 fen per share, compared to a loss of 25.9 million yuan, or a loss of 13 fen per share, in the prior-year period.

As of April 29, US$1 was equivalent to 6.20 yuan.