Ningxia Western Venture Industrial Co. Ltd. said its normalized net income for the first half was 45.6 million yuan.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue came to 287.4 million yuan, and total operating expenses came to 209.7 million yuan.
Reported net income totaled 61.4 million yuan, or 2 fen per share.
As of Nov. 20, US$1 was equivalent to 6.39 yuan.