trending Market Intelligence /marketintelligence/en/news-insights/trending/sTWN7NMXXnVoPfJarK2eCw2 content esgSubNav
In This List

Nanjing Central Emporium Q1 profit falls YOY

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Nanjing Central Emporium Q1 profit falls YOY

Nanjing Central Emporium (Group) Stocks Co. Ltd. said its normalized net income for the first quarter came to 4 fen per share, a decrease of 41.2% 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 50.8 million yuan, a decrease of 41.3% from 86.6 million yuan in the year-earlier period.

The normalized profit margin dropped to 2.7% from 4.4% in the year-earlier period.

Total revenue fell 6.9% year over year to 1.82 billion yuan from 1.96 billion yuan, and total operating expenses declined 6.2% year over year to 1.68 billion yuan from 1.79 billion yuan.

Reported net income declined 55.0% on an annual basis to 42.1 million yuan, or 4 fen per share, from 93.5 million yuan, or 8 fen per share.

As of April 27, US$1 was equivalent to 6.50 yuan.