trending Market Intelligence /marketintelligence/en/news-insights/trending/m0WIYKerND9h-F7CYWFX6g2 content esgSubNav
In This List

Wanhua Chemical profit beats consensus by 17.8% in Q2

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Wanhua Chemical profit beats consensus by 17.8% in Q2

Wanhua Chemical Group Co. Ltd. said its second-quarter normalized net income amounted to 73 fen per share, compared with the S&P Capital IQ consensus estimate of 62 fen per share.

EPS climbed 187.8% year over year from 25 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.95 billion yuan, a gain of 194.4% from 662.8 million yuan in the prior-year period.

The normalized profit margin rose to 14.5% from 9.2% in the year-earlier period.

Total revenue rose 87.1% year over year to 13.42 billion yuan from 7.18 billion yuan, and total operating expenses grew 61.4% on an annual basis to 9.20 billion yuan from 5.70 billion yuan.

Reported net income rose 188.4% year over year to 2.67 billion yuan, or 99 fen per share, from 924.3 million yuan, or 35 fen per share.

As of July 31, US$1 was equivalent to 6.73 yuan.