trending Market Intelligence /marketintelligence/en/news-insights/trending/t2LJ9x0CTp36H4lxGNTztA2 content esgSubNav
In This List

Metersbonwe swings to loss in Q3

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Metersbonwe swings to loss in Q3

Shanghai Metersbonwe Fashion & Accessories Co. Ltd. said its normalized net income for the third quarter came to a loss of 21.8 million yuan, compared with income of 4.4 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 declined to negative 1.3% from 0.3% in the year-earlier period.

Total revenue increased 5.5% on an annual basis to 1.64 billion yuan from 1.55 billion yuan, and total operating expenses rose 8.2% on an annual basis to 1.65 billion yuan from 1.53 billion yuan.

Reported net income totaled a loss of 93.8 million yuan, or a loss of 4 fen per share, compared to a loss of 81.8 million yuan, or a loss of 3 fen per share, in the prior-year period.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.