trending Market Intelligence /marketintelligence/en/news-insights/trending/KgG1ntQtx_6l2QMp5y6coA2 content esgSubNav
In This List

Shanghai Feilo Acoustics Q1 profit climbs 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 Feilo Acoustics Q1 profit climbs YOY

Shanghai Feilo Acoustics Co. Ltd. said its normalized net income for the first quarter amounted to 3 fen per share, an increase from 1 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.1 million yuan, an increase from 9.1 million yuan in the prior-year period.

The normalized profit margin increased to 4.7% from 1.9% in the year-earlier period.

Total revenue rose 42.9% on an annual basis to 690.9 million yuan from 483.5 million yuan, and total operating expenses climbed 39.5% year over year to 639.7 million yuan from 458.6 million yuan.

Reported net income grew year over year to 41.9 million yuan, or 4 fen per share, from 4.9 million yuan, or 1 fen per share.

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