trending Market Intelligence /marketintelligence/en/news-insights/trending/WntRTl7BOeQNWl_MBJ_ksQ2 content esgSubNav
In This List

Shanxi Xinghuacun Fen Wine Factory Q2 profit climbs 60.7% YOY

Podcast

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

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Shanxi Xinghuacun Fen Wine Factory Q2 profit climbs 60.7% YOY

Shanxi Xinghuacun Fen Wine Factory Co.Ltd. said its normalized net income for the second quarter came to 9 fen per share, an increase of 60.7% from 6 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 79.1 million yuan, a gain of 60.7% from 49.2 million yuan in the year-earlier period.

The normalized profit margin increased to 8.0% from 6.1% in the year-earlier period.

Total revenue climbed 17.6% year over year to 952.4 million yuan from 810.2 million yuan, and total operating expenses climbed 13.2% from the prior-year period to 826.1 million yuan from 729.7 million yuan.

Reported net income totaled 64.2 million yuan, or 7 fen per share, compared to 64.1 million yuan, or 7 fen per share, in the year-earlier period.

As of Aug. 15, US$1 was equivalent to 6.64 yuan.