trending Market Intelligence /marketintelligence/en/news-insights/trending/K-yhuzlYhyWd0rGKg1yNTA2 content esgSubNav
In This List

Zhejiang Aokang Shoes profit holds mostly steady YOY 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


Zhejiang Aokang Shoes profit holds mostly steady YOY in Q1

Zhejiang Aokang Shoes Co. Ltd. said its first-quarter normalized net income amounted to 23 fen per share, compared with 23 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 91.3 million yuan, compared with 91.6 million yuan in the prior-year period.

The normalized profit margin fell to 10.9% from 12.3% in the year-earlier period.

Total revenue grew 13.5% on an annual basis to 841.8 million yuan from 742.0 million yuan, and total operating expenses increased 16.1% on an annual basis to 710.7 million yuan from 612.2 million yuan.

Reported net income grew 8.6% year over year to 108.9 million yuan, or 27 fen per share, from 100.3 million yuan, or 25 fen per share.

As of April 24, US$1 was equivalent to 6.19 yuan.