trending Market Intelligence /marketintelligence/en/news-insights/trending/ti7yehyyn40cebiluwo_ow2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Materials Industry Zhongda Q4 profit falls YOY

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Materials Industry Zhongda Q4 profit falls YOY

Wuchan Zhongda Group Co.Ltd. said its normalized net income for the fourth quarter amounted to 3 fen per share, a decrease of 91.5% from 41 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 164.2 million yuan, a decrease of 91.0% from 1.83 billion yuan in the year-earlier period.

The normalized profit margin fell to 0.2% from 2.6% in the year-earlier period.

Total revenue rose 17.6% year over year to 83.57 billion yuan from 71.07 billion yuan, and total operating expenses grew 18.3% year over year to 83.05 billion yuan from 70.19 billion yuan.

Reported net income decreased 17.3% on an annual basis to 756.0 million yuan, or 16 fen per share, from 914.5 million yuan, or 20 fen per share.

For the year, the company's normalized net income totaled 32 fen per share, a fall of 17.3% from 38 fen per share in the prior year.

Normalized net income was 1.54 billion yuan, a decline of 16.7% from 1.85 billion yuan in the prior year.

Full-year total revenue increased 33.5% from the prior-year period to 276.62 billion yuan from 207.17 billion yuan, and total operating expenses grew 33.1% year over year to 273.32 billion yuan from 205.28 billion yuan.

The company said reported net income grew on an annual basis to 2.23 billion yuan, or 46 fen per share, in the full year, from 2.15 billion yuan, or 45 fen per share.

As of April 13, US$1 was equivalent to 6.27 yuan.