trending Market Intelligence /marketintelligence/en/news-insights/trending/QJyjshE9a600fUb11kO_Kg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Jiangsu Hongtu High Technology Q2 profit falls YOY

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

Tech in Banking: An Age of Digital Disruption

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Jiangsu Hongtu High Technology Q2 profit falls YOY

Jiangsu Hongtu High Technology Co. Ltd. said its second-quarter normalized net income came to 6 fen per share, a decline of 30.6% from 8 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 64.4 million yuan, a decrease of 30.9% from 93.3 million yuan in the prior-year period.

The normalized profit margin dropped to 1.7% from 2.5% in the year-earlier period.

Total revenue increased 5.7% on an annual basis to 3.96 billion yuan from 3.75 billion yuan, and total operating expenses climbed 5.9% from the prior-year period to 3.86 billion yuan from 3.65 billion yuan.

Reported net income decreased 27.7% year over year to 87.0 million yuan, or 8 fen per share, from 120.2 million yuan, or 10 fen per share.

As of Aug. 30, US$1 was equivalent to 6.67 yuan.