trending Market Intelligence /marketintelligence/en/news-insights/trending/RGwIDk_DRNQKvrOaVfnkFg2 content esgSubNav
In This List

Shenzhen Quanxinhao swings to profit in Q3


Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia


Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


How Financial Institutions are Managing Exposure to U.S. Municipals

Shenzhen Quanxinhao swings to profit in Q3

Shenzhen Quanxinhao Co. Ltd. said its third-quarter normalized net income came to 966,670 yuan, compared with a loss of 556,920 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 increased to 8.7% from negative 1.8% in the year-earlier period.

Total revenue fell 64.3% year over year to 11.1 million yuan from 31.0 million yuan, and total operating expenses decreased 55.9% from the prior-year period to 14.2 million yuan from 32.1 million yuan.

Reported net income came to 6.6 million yuan, or 2 fen per share, compared to a loss of 4.2 million yuan, or a loss of 1 fen per share, in the prior-year period.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.