He Bei Cheng De Lolo Company Ltd said its fourth-quarter normalized net income amounted to 9 fen per share, compared with the S&P Capital IQ consensus estimate of 11 fen per share.
EPS rose 29.0% year over year from 7 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 89.0 million yuan, a gain of 26.2% from 70.6 million yuan in the prior-year period.
The normalized profit margin increased to 15.2% from 11.8% in the year-earlier period.
Total revenue decreased on an annual basis to 574.6 million yuan from 596.0 million yuan, and total operating expenses decreased 8.1% from the prior-year period to 436.0 million yuan from 474.6 million yuan.
Reported net income rose 18.4% on an annual basis to 118.8 million yuan, or 13 fen per share, from 100.4 million yuan, or 10 fen per share.
For the year, the company's normalized net income totaled 39 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 46 fen.
EPS rose 5.9% from 37 fen in the prior year.
Normalized net income was 378.0 million yuan, an increase of 5.4% from 358.8 million yuan in the prior year.
Full-year total revenue totaled 2.71 billion yuan, compared with 2.70 billion yuan in the prior year, and total operating expenses totaled 2.11 billion yuan, compared with 2.13 billion yuan in the prior-year period.
The company said reported net income increased year over year to 463.2 million yuan, or 48 fen per share, in the full year, from 443.2 million yuan, or 45 fen per share.
As of March 10, US$1 was equivalent to 6.51 yuan.