trending Market Intelligence /marketintelligence/en/news-insights/trending/QN1DHtl4245k2HXAXLN1KQ2 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

Guangdong Songfa Q1 profit falls YOY

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?


Guangdong Songfa Q1 profit falls YOY

Guangdong Songfa Ceramics Co.Ltd. said its first-quarter normalized net income was 7 fen per share, a decrease of 51.0% from 15 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.7 million yuan, a decrease of 34.8% from 10.2 million yuan in the year-earlier period.

The normalized profit margin fell to 12.1% from 12.4% in the year-earlier period.

Total revenue fell 32.8% on an annual basis to 55.2 million yuan from 82.1 million yuan, and total operating expenses declined 28.4% from the prior-year period to 47.3 million yuan from 66.0 million yuan.

Reported net income declined 26.1% from the prior-year period to 8.9 million yuan, or 10 fen per share, from 12.1 million yuan, or 18 fen per share.

As of April 26, US$1 was equivalent to 6.50 yuan.