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ZYNP Q1 profit climbs 7.5% YOY

ZYNP Corp. said its first-quarter normalized net income was 7 fen per share, an increase of 5.8% from 6 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 39.7 million yuan, a gain of 7.5% from 36.9 million yuan in the prior-year period.

The normalized profit margin increased to 13.8% from 13.0% in the year-earlier period.

Total revenue rose 5.1% year over year to 299.1 million yuan from 284.7 million yuan, and total operating expenses increased year over year to 245.6 million yuan from 235.8 million yuan.

Reported net income rose 11.8% on an annual basis to 51.4 million yuan, or 9 fen per share, from 46.0 million yuan, or 8 fen per share.

As of April 23, US$1 was equivalent to 6.20 yuan.