trending Market Intelligence /marketintelligence/en/news-insights/trending/yGrERDDDgqKvqgNhyCRNpw2 content esgSubNav
In This List

Aeolus Tyre Q1 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

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

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Aeolus Tyre Q1 profit falls YOY

Aeolus Tyre Co. Ltd. said its normalized net income for the first quarter came to 7 fen per share, a decrease of 10.3% from 8 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 40.9 million yuan, a decline of 7.2% from 44.1 million yuan in the prior-year period.

The normalized profit margin fell to 1.8% from 2.8% in the year-earlier period.

Total revenue fell 18.5% on an annual basis to 1.28 billion yuan from 1.57 billion yuan, and total operating expenses decreased 19.6% year over year to 1.20 billion yuan from 1.50 billion yuan.

Reported net income grew 17.2% from the prior-year period to 63.8 million yuan, or 11 fen per share, from 54.5 million yuan, or 10 fen per share.

As of April 28, US$1 was equivalent to 6.48 yuan.