trending Market Intelligence /marketintelligence/en/news-insights/trending/ry3Uyz_-bznOp3bHo4-9Qg2 content esgSubNav
In This List

Yinchuan Xinhua Commercial Q1 profit falls YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Yinchuan Xinhua Commercial Q1 profit falls YOY

Yinchuan Xinhua Commercial (Group) Co. Ltd. said its normalized net income for the first quarter came to 31 fen per share, a decline of 29.2% from 43 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 70.3 million yuan, a decrease of 24.0% from 92.4 million yuan in the prior-year period.

The normalized profit margin dropped to 3.3% from 4.7% in the year-earlier period.

Total revenue rose 9.6% on an annual basis to 2.14 billion yuan from 1.95 billion yuan, and total operating expenses increased 10.4% from the prior-year period to 2.03 billion yuan from 1.84 billion yuan.

Reported net income fell 27.7% on an annual basis to 80.0 million yuan, or 35 fen per share, from 110.7 million yuan, or 52 fen per share.

As of April 28, US$1 was equivalent to 6.20 yuan.