trending Market Intelligence /marketintelligence/en/news-insights/trending/tHE9vZM1dBkrZDERslFCFA2 content esgSubNav
In This List

Shanghai Haixin swings to profit in Q1

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 Haixin swings to profit in Q1

Shanghai Haixin Group Co. Ltd. said its normalized net income for the first quarter amounted to 10.6 million yuan, compared with a loss of 9.6 million yuan in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 6.2% from negative 4.9% in the year-earlier period.

Total revenue decreased 5.6% on an annual basis to 182.7 million yuan from 193.6 million yuan, and total operating expenses declined 6.1% on an annual basis to 209.1 million yuan from 222.7 million yuan.

Reported net income totaled 14.3 million yuan, or 1 fen per share, compared to a loss of 21.8 million yuan, or a loss of 2 fen per share, in the prior-year period.

As of April 30, US$1 was equivalent to 6.20 yuan.