trending Market Intelligence /marketintelligence/en/news-insights/trending/puKzBPUwBn9KZMvFhDFMQw2 content esgSubNav
In This List

Zhejiang Yinlun Machinery Q1 profit climbs 6.2% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Zhejiang Yinlun Machinery Q1 profit climbs 6.2% YOY

Zhejiang Yinlun Machinery Co. Ltd. said its normalized net income for the first quarter amounted to 7 fen per share, a decline from 7 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 46.8 million yuan, an increase of 6.2% from 44.1 million yuan in the year-earlier period.

The normalized profit margin increased to 7.0% from 6.6% in the year-earlier period.

Total revenue totaled 670.1 million yuan, compared with 668.8 million yuan in the prior-year period, and total operating expenses rose from the prior-year period to 595.2 million yuan from 582.4 million yuan.

Reported net income came to 56.2 million yuan, or 8 fen per share, compared to 50.9 million yuan, or 8 fen per share, in the prior-year period.

As of April 29, US$1 was equivalent to 6.48 yuan.