trending Market Intelligence /marketintelligence/en/news-insights/trending/WbqIa_y4N1KpDjw7hJqMGA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Zhejiang Bangjie Digital Knitting Q3 profit falls YOY


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020


Episode 2: Origins of 451 Research - Part 2

Zhejiang Bangjie Digital Knitting Q3 profit falls YOY

Zhejiang Bangjie Digital Knitting Share Co. Ltd. said its normalized net income for the third quarter came to 2 fen per share, an increase of 18.6% from 2 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 8.3 million yuan, a decline of 14.7% from 9.7 million yuan in the prior-year period.

The normalized profit margin dropped to 10.1% from 12.8% in the year-earlier period.

Total revenue increased 7.9% year over year to 81.9 million yuan from 76.0 million yuan, and total operating expenses grew 6.9% on an annual basis to 74.0 million yuan from 69.2 million yuan.

Reported net income came to 7.9 million yuan, or 2 fen per share, compared to 11.0 million yuan, or 2 fen per share, in the year-earlier period.

As of Oct. 24, US$1 was equivalent to 6.77 yuan.