trending Market Intelligence /marketintelligence/en/news-insights/trending/m66RY7Nbz-T9cYnchnDX9w2 content esgSubNav
In This List

Chongqing Fuling Zhacai Q2 profit falls YOY

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Automating Credit Risk Surveillance Using Statistical Models

Case Study

Searching for Alpha with Textual Data


Chongqing Fuling Zhacai Q2 profit falls YOY

Chongqing Fuling Zhacai Group Co. Ltd. said its second-quarter normalized net income was 5 fen per share, a decline from 5 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 36.8 million yuan, a decrease from 37.3 million yuan in the prior-year period.

The normalized profit margin rose to 15.0% from 14.2% in the year-earlier period.

Total revenue declined on an annual basis to 251.0 million yuan from 262.8 million yuan, and total operating expenses declined 5.6% on an annual basis to 196.0 million yuan from 207.7 million yuan.

Reported net income totaled 50.3 million yuan, or 6 fen per share, compared to 50.5 million yuan, or 7 fen per share, in the prior-year period.

As of July 21, US$1 was equivalent to 6.21 yuan.