China's Haitong Unitrust nine-month revenue falls
Overview
China financial leasing firm's nine-month revenue and net profit declined yr/yr
Outlook
Company did not provide specific guidance for future quarters or full-year results in its press release
Result Drivers
CORE INCOME PRESSURE – Operating revenue fell to RMB4.174 bln from RMB5.265 bln, outpacing a RMB565 mln reduction in operating costs
FAIR-VALUE AND CREDIT-LOSS MOVES – A RMB78 mln fair-value loss versus an RMB85 mln gain weighed on profit, partly offset by lower expected credit losses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue | RMB 3.24 bln | ||
9M Net Income Attributable | RMB 674.10 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)