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China's Haitong Unitrust nine-month revenue falls

By Reuters News


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


Reuters Recommended Reads

  • Oct 27 - China's Hengrui Pharma nine-month profit rises on out-licensing gains

  • Oct 27 - WH Group's nine-month revenue rises 0.6%, profit drops 12.9%

  • Oct 27 - HSBC shares tumble 6% after third-quarter revenue disappoints, wealth growth slows


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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