trending Market Intelligence /marketintelligence/en/news-insights/trending/loyGERJnaq_n4GAK6rhSyw2 content esgSubNav
In This List

Yantai Shuangta Food Q1 profit climbs 48.3% 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Yantai Shuangta Food Q1 profit climbs 48.3% YOY

Yantai Shuangta Food Co. Ltd. said its normalized net income for the first quarter came to 2 fen per share, a gain of 48.4% from 2 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 31.2 million yuan, a gain of 48.3% from 21.0 million yuan in the year-earlier period.

The normalized profit margin increased to 13.1% from 9.7% in the year-earlier period.

Total revenue climbed 12.9% year over year to 245.7 million yuan from 217.7 million yuan, and total operating expenses increased 11.8% year over year to 200.0 million yuan from 179.0 million yuan.

Reported net income rose 60.9% year over year to 46.0 million yuan, or 4 fen per share, from 28.6 million yuan, or 2 fen per share.

As of April 28, US$1 was equivalent to 6.20 yuan.