trending Market Intelligence /marketintelligence/en/news-insights/trending/sqNoaZcHIyxmux8d1yWCDw2 content esgSubNav
In This List

Shanghai Jinfeng Wine Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Shanghai Jinfeng Wine Q1 profit falls YOY

Shanghai Jinfeng Wine Co. Ltd. said its first-quarter normalized net income was 10 fen per share, a decline of 18.2% from 13 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 52.8 million yuan, a decrease from 53.8 million yuan in the year-earlier period.

The normalized profit margin fell to 18.6% from 20.3% in the year-earlier period.

Total revenue grew 7.3% year over year to 284.2 million yuan from 264.9 million yuan, and total operating expenses grew 11.1% from the prior-year period to 208.2 million yuan from 187.4 million yuan.

Reported net income declined on an annual basis to 61.6 million yuan, or 12 fen per share, from 64.2 million yuan, or 15 fen per share.

As of April 20, US$1 was equivalent to 6.20 yuan.