trending Market Intelligence /marketintelligence/en/news-insights/trending/ZRn9JmNXaAHO_A_G-DANpg2 content esgSubNav
In This List

Guangdong Tonze Electric Q1 profit climbs 29.2% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Guangdong Tonze Electric Q1 profit climbs 29.2% YOY

Guangdong Tonze Electric Co. Ltd. said its first-quarter normalized net income came to 6 fen per share, an increase of 27.3% 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 11.5 million yuan, an increase of 29.2% from 8.9 million yuan in the prior-year period.

The normalized profit margin rose to 11.8% from 9.9% in the year-earlier period.

Total revenue grew 12.5% on an annual basis to 100.3 million yuan from 89.1 million yuan, and total operating expenses climbed 9.6% year over year to 82.0 million yuan from 74.8 million yuan.

Reported net income increased 47.1% year over year to 16.2 million yuan, or 9 fen per share, from 11.0 million yuan, or 6 fen per share.

As of May 8, US$1 was equivalent to 6.21 yuan.