China's Zhongguancun Science-Tech Leasing 9M revenue falls
Overview
China leasing firm's unaudited 9-month revenue declined year-over-year
Net income attributable to shareholders fell for the nine-month period
Outlook
Company did not provide specific financial guidance or outlook for future periods in the press release
Result Drivers
LOWER INTEREST AND ADVISORY INCOME – Nine-month revenue fell as interest income declined to RMB433.0 mln from RMB666.8 mln and advisory fees to RMB44.5 mln from RMB128.7 mln, partly offset by higher operating lease income
LOWER OPERATING COSTS AND IMPAIRMENT – Operating costs fell to RMB216.5 mln from RMB295.1 mln and impairment losses to RMB47.5 mln from RMB70.1 mln, partly cushioning the revenue decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue | RMB 589.60 mln | ||
9M Net Income Attributable | RMB 184.30 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.)