trending Market Intelligence /marketintelligence/en/news-insights/trending/Yd4U6xX62f-vCp2senwGNg2 content esgSubNav
In This List

Chongqing Landai Q1 profit climbs 22.2% YOY

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15

Video

Panel Discussion: Modernization Initiatives Advancing the U.S. Capital Market

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency


Chongqing Landai Q1 profit climbs 22.2% YOY

Chongqing Landai Powertrain Corp. Ltd. said its first-quarter normalized net income came to 12.8 million yuan, a rise of 22.2% from 10.5 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 declined to 7.1% from 7.5% in the year-earlier period.

Total revenue climbed 41.2% year over year to 196.7 million yuan from 139.4 million yuan, and total operating expenses grew 43.4% from the prior-year period to 176.1 million yuan from 122.8 million yuan.

Reported net income grew 38.6% on an annual basis to 19.8 million yuan, or 6 fen per share, from 14.3 million yuan.

As of May 25, US$1 was equivalent to 6.20 yuan.