trending Market Intelligence /marketintelligence/en/news-insights/trending/lv_uxrr7ebhrhrlliexp7a2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Harbin VITI Q4 profit climbs YOY

An interview with Antony Jenkins, Founder & Executive Chairman, 10x Future Technologies

An interview with Nicolas Veron, Economist, Senior Fellow at Bruegel

An interview with Dan Frumkin, CEO, Metro Bank

Investment Banking: The Outlook, Market Share and Competitive Advantage


Harbin VITI Q4 profit climbs YOY

Harbin VITI Electronics Co. Ltd. said its fourth-quarter normalized net income amounted to 8 fen per share, a gain from 4 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 26.2 million yuan, a gain from 12.9 million yuan in the prior-year period.

The normalized profit margin climbed to 26.6% from 17.0% in the year-earlier period.

Total revenue climbed 29.7% on an annual basis to 98.8 million yuan from 76.2 million yuan, and total operating expenses climbed 7.1% year over year to 57.9 million yuan from 54.1 million yuan.

Reported net income increased 25.3% year over year to 35.5 million yuan, or 10 fen per share, from 28.3 million yuan, or 8 fen per share.

For the year, the company's normalized net income totaled 14 fen per share, a decline of 15.5% from 16 fen per share in the prior year.

Normalized net income was 49.4 million yuan, a decrease of 15.8% from 58.6 million yuan in the prior year.

Full-year total revenue fell 5.7% from the prior-year period to 199.3 million yuan from 211.3 million yuan, and total operating expenses fell 10.3% year over year to 126.0 million yuan from 140.6 million yuan.

The company said reported net income declined 24.3% on an annual basis to 68.6 million yuan, or 19 fen per share, in the full year, from 90.7 million yuan, or 25 fen per share.

As of April 13, US$1 was equivalent to 6.27 yuan.