trending Market Intelligence /marketintelligence/en/news-insights/trending/Q-sBrl2hJAhmk5_B4caa_A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

China Huishan Dairy fiscal H2 profit falls YOY

An interview with Antony Jenkins, Founder & Executive Chairman, 10x Future Technologies

An interview with Nicolas Veron, Economist, Senior Fellow at Bruegel

An interview with Dan Frumkin, CEO, Metro Bank

Investment Banking: The Outlook, Market Share and Competitive Advantage

China Huishan Dairy fiscal H2 profit falls YOY

China Huishan Dairy Holdings Company Ltd said its normalized net income for the fiscal second half ended March 31 came to 2 fen per share, a decrease of 37.1% from 3 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 307.5 million yuan, a decrease of 37.4% from 491.2 million yuan in the year-earlier period.

Total revenue declined year over year to 1.93 billion yuan from 2.00 billion yuan, and total operating expenses rose 14.7% on an annual basis to 1.28 billion yuan from 1.11 billion yuan.

Reported net income decreased 88.0% on an annual basis to 87.8 million yuan, or 1 fen per share, from 733.4 million yuan, or 5 fen per share.

For the year, the company's normalized net income totaled 6 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 9 fen.

EPS declined 8.6% from 7 fen in the prior year.

Normalized net income was 863.5 million yuan, an increase from 852.5 million yuan in the prior year.

Full-year total revenue increased 11.1% from the prior-year period to 3.92 billion yuan from 3.53 billion yuan, and total operating expenses increased 14.0% on an annual basis to 2.24 billion yuan from 1.96 billion yuan.

The company said reported net income fell 29.8% year over year to 877.1 million yuan, or 6 fen per share, in the full year, from 1.25 billion yuan, or 10 fen per share.

As of July 24, US$1 was equivalent to 6.21 yuan.