trending Market Intelligence /marketintelligence/en/news-insights/trending/YfHnK4yMx-l8-HPPJESX9w2 content esgSubNav
In This List

Shanghai Jiaoda Onlly Q2 profit falls YOY

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills


Shanghai Jiaoda Onlly Q2 profit falls YOY

Shanghai Jiaoda Onlly Co. Ltd. said its normalized net income for the second quarter was 2 fen per share, a decline of 60.6% from 5 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 16.0 million yuan, a decrease of 59.9% from 39.9 million yuan in the year-earlier period.

The normalized profit margin fell to 32.5% from 78.4% in the year-earlier period.

Total revenue increased on an annual basis to 51.5 million yuan from 50.9 million yuan, and total operating expenses fell 28.3% year over year to 59.3 million yuan from 82.7 million yuan.

Reported net income declined 30.9% year over year to 26.5 million yuan, or 3 fen per share, from 38.3 million yuan, or 5 fen per share.

As of Aug. 22, US$1 was equivalent to 6.64 yuan.