trending Market Intelligence /marketintelligence/en/news-insights/trending/He2DJLp6K8fyt1qNS2JGjw2 content esgSubNav
In This List

Jiangnan Mould & Plastic Technology Q1 profit falls 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


Jiangnan Mould & Plastic Technology Q1 profit falls YOY

Jiangnan Mould & Plastic Technology Co. Ltd. said its first-quarter normalized net income amounted to 8 fen per share, a decrease of 8.0% from 9 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 52.8 million yuan, a decrease from 54.5 million yuan in the prior-year period.

The normalized profit margin declined to 6.8% from 7.2% in the year-earlier period.

Total revenue climbed on an annual basis to 787.0 million yuan from 755.5 million yuan, and total operating expenses climbed on an annual basis to 699.6 million yuan from 670.4 million yuan.

Reported net income totaled 74.2 million yuan, or 11 fen per share, compared to 74.6 million yuan, or 12 fen per share, in the year-earlier period.

As of April 27, US$1 was equivalent to 6.22 yuan.