trending Market Intelligence /marketintelligence/en/news-insights/trending/Rwc_KgwlP00SZDj3QVh96w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Hefei Fengle Seed swings to loss in Q2

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Hefei Fengle Seed swings to loss in Q2

Hefei Fengle Seed Co. Ltd. said its normalized net income for the second quarter was a loss of 10.2 million yuan, compared with income of 2.9 million 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 dropped to negative 2.6% from 0.8% in the year-earlier period.

Total revenue declined 36.0% on an annual basis to 234.4 million yuan from 366.1 million yuan, and total operating expenses fell 32.9% from the prior-year period to 251.8 million yuan from 375.2 million yuan.

Reported net income totaled a loss of 12.2 million yuan, or a loss of 4 fen per share, compared to income of 486,150 yuan, or 0 fen per share, in the prior-year period.

As of Aug. 7, US$1 was equivalent to 6.21 yuan.