trending Market Intelligence /marketintelligence/en/news-insights/trending/vT5JR35a4dt-u9aDj3EWFw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Sanquan Food profit misses consensus by 21.7% in Q1

Blog

Minimizing Risk at a Bank with a Trade Intelligence Platform

Blog

2021 US broadband forecast lifted by rising digital home profiles

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9


Sanquan Food profit misses consensus by 21.7% in Q1

Sanquan Food Co. Ltd. said its first-quarter normalized net income amounted to 2 fen per share, compared with the S&P Capital IQ consensus estimate of 3 fen per share.

EPS decreased 10.0% year over year from 3 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 22.4 million yuan, a decline from 23.1 million yuan in the prior-year period.

The normalized profit margin dropped to 1.5% from 1.6% in the year-earlier period.

Total revenue rose 5.2% on an annual basis to 1.49 billion yuan from 1.41 billion yuan, and total operating expenses rose 6.3% from the prior-year period to 1.46 billion yuan from 1.38 billion yuan.

Reported net income decreased 28.2% year over year to 19.0 million yuan, or 2 fen per share, from 26.5 million yuan, or 3 fen per share.

As of April 26, US$1 was equivalent to 6.50 yuan.