trending Market Intelligence /marketintelligence/en/news-insights/trending/W2yseEVWru0P2LftijBKfA2 content esgSubNav
In This List

Jiangsu Huaxicun 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


Jiangsu Huaxicun swings to profit in Q1

Jiangsu Huaxicun Co. Ltd. said its first-quarter normalized net income amounted to 6.5 million yuan, compared with a loss of 1.1 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 rose to 1.2% from negative 0.3% in the year-earlier period.

Total revenue rose 36.3% on an annual basis to 566.5 million yuan from 415.7 million yuan, and total operating expenses climbed 34.2% on an annual basis to 543.8 million yuan from 405.1 million yuan.

Reported net income came to 8.0 million yuan, or 1 fen per share, compared to a loss of 2.8 million yuan, or a loss of 0 fen per share, in the prior-year period.

As of April 24, US$1 was equivalent to 6.19 yuan.