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Changbai Mountain Tourism swings to profit in Q2


Banking Essentials Newsletter, January edition - part 2


European Energy Insights – January 2021


Essential Metals & Mining Insights - January 2021


Essential Energy Insights - January 2021

Changbai Mountain Tourism swings to profit in Q2

Changbai Mountain Tourism Co. Ltd. said its normalized net income for the second quarter amounted to 2.0 million yuan, compared with a loss of 1.3 million yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 4.9% from negative 3.5% in the year-earlier period.

Total revenue climbed 11.0% on an annual basis to 40.6 million yuan from 36.6 million yuan, and total operating expenses fell from the prior-year period to 38.2 million yuan from 39.3 million yuan.

Reported net income increased year over year to 4.0 million yuan, or 1 fen per share, from 756,920 yuan, or 0 fen per share.

As of Aug. 7, US$1 was equivalent to 6.21 yuan.