trending Market Intelligence /marketintelligence/en/news-insights/trending/I12YSLpzIlPk1e-FwYOZYQ2 content esgSubNav
In This List

Henan Shuanghui Investment profit misses consensus by 21.3% in Q2

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


Henan Shuanghui Investment profit misses consensus by 21.3% in Q2

Henan Shuanghui Investment & Development Co. Ltd. said its normalized net income for the second quarter was 24 fen per share, compared with the S&P Capital IQ consensus estimate of 30 fen per share.

EPS declined 5.5% year over year from 25 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 785.7 million yuan, a decrease of 5.5% from 831.5 million yuan in the prior-year period.

The normalized profit margin rose to 8.0% from 7.7% in the year-earlier period.

Total revenue fell year over year to 10.42 billion yuan from 10.80 billion yuan, and total operating expenses declined on an annual basis to 9.15 billion yuan from 9.57 billion yuan.

Reported net income decreased 5.1% year over year to 1.06 billion yuan, or 32 fen per share, from 1.12 billion yuan, or 34 fen per share.

As of Aug. 12, US$1 was equivalent to 6.39 yuan.