trending Market Intelligence /marketintelligence/en/news-insights/trending/mqhKB1rwRaLLMIQr9y_vSQ2 content esgSubNav
In This List

Qiaqia Food Q2 profit falls YOY

Case Study

Powering the markets of the future with data and AI

Blog

Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


Qiaqia Food Q2 profit falls YOY

Qiaqia Food Co. Ltd. said its normalized net income for the second quarter was 12 fen per share, a decrease of 11.4% from 14 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 61.6 million yuan, a decrease of 13.3% from 71.0 million yuan in the year-earlier period.

The normalized profit margin dropped to 8.8% from 9.6% in the year-earlier period.

Total revenue grew 7.0% year over year to 795.0 million yuan from 742.9 million yuan, and total operating expenses increased 7.2% from the prior-year period to 706.5 million yuan from 659.0 million yuan.

Reported net income increased on an annual basis to 79.8 million yuan, or 16 fen per share, from 76.7 million yuan, or 15 fen per share.

As of July 29, US$1 was equivalent to 6.63 yuan.