Changzhou Fusion New Material Co (SHSE:688503) Tax Rate % : 16.57% (As of Mar. 2024)

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What is Changzhou Fusion New Material Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Changzhou Fusion New Material Co's Tax Expense for the three months ended in Mar. 2024 was ¥15 Mil. Changzhou Fusion New Material Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥91 Mil. Therefore, Changzhou Fusion New Material Co's Tax Rate % for the quarter that ended in Mar. 2024 was 16.57%.

Changzhou Fusion New Material Co Tax Rate % Historical Data

The historical data trend for Changzhou Fusion New Material Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Changzhou Fusion New Material Co Tax Rate % Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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9.89

10.91

7.52

8.55

11.44

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial											8.36	11.34	13.18	47.48	16.57

Changzhou Fusion New Material Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Changzhou Fusion New Material Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	56.983	/	498.089
	=	11.44 %

Changzhou Fusion New Material Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	15.04	/	90.76
	=	16.57 %

Changzhou Fusion New Material Co Tax Rate % Related Terms

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

Executives

Ren Yi Chao

Core technical personnel

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