trending Market Intelligence /marketintelligence/en/news-insights/trending/pTdoUczYui6ePf0-j-GoMA2 content esgSubNav
In This List

Zhejiang Qianjiang Motorcycle Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Zhejiang Qianjiang Motorcycle Q1 profit falls YOY

Zhejiang Qianjiang Motorcycle Co. Ltd. said its normalized net income for the first quarter was 3.7 million yuan, a decrease of 85.9% from 26.4 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 dropped to 2.1% from 3.5% in the year-earlier period.

Total revenue fell 22.1% on an annual basis to 585.6 million yuan from 751.5 million yuan, and total operating expenses decreased 20.3% year over year to 578.8 million yuan from 726.3 million yuan.

Reported net income came to 6.3 million yuan, or 1 fen per share, compared to 5.3 million yuan, or 1 fen per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 6.20 yuan.