trending Market Intelligence /marketintelligence/en/news-insights/trending/wCRX-OWw32DZEdm8MGfWkA2 content esgSubNav
In This List

Tianjin FAW Xiali Automobile Q1 loss narrows YOY

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Blog

Optimism abounds in Indian online video industry


Tianjin FAW Xiali Automobile Q1 loss narrows YOY

Tianjin Faw Xiali Automobile Co.Ltd. said its normalized net income for the first quarter came to a loss of 7 fen per share, compared with a loss of 10 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 a loss of 107.1 million yuan, compared with a loss of 160.7 million yuan in the prior-year period.

The normalized profit margin fell to negative 18.6% from negative 13.7% in the year-earlier period.

Total revenue declined 52.2% on an annual basis to 559.7 million yuan from 1.17 billion yuan, and total operating expenses declined 43.0% on an annual basis to 850.5 million yuan from 1.49 billion yuan.

Reported net income came to a loss of 166.9 million yuan, or a loss of 10 fen per share, compared to a loss of 257.2 million yuan, or a loss of 16 fen per share, in the prior-year period.

As of April 29, US$1 was equivalent to 6.48 yuan.