Shanghai Jahwa United Co. Ltd. said its normalized net income for the fourth quarter came to 1.51 yuan per share, compared with the S&P Capital IQ consensus estimate of 20 fen per share.
EPS increased year over year from 20 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.01 billion yuan, an increase from 134.5 million yuan in the year-earlier period.
The normalized profit margin increased to 81.1% from 11.5% in the year-earlier period.
Total revenue increased 5.3% year over year to 1.23 billion yuan from 1.17 billion yuan, and total operating expenses climbed 20.0% on an annual basis to 1.25 billion yuan from 1.04 billion yuan.
Reported net income increased on an annual basis to 1.42 billion yuan, or 2.12 yuan per share, from 170.0 million yuan, or 26 fen per share.
For the year, the company's normalized net income totaled 2.40 yuan per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.41 yuan.
EPS rose from 1.03 yuan in the prior year.
Normalized net income was 1.61 billion yuan, an increase from 692.3 million yuan in the prior year.
Full-year total revenue rose 9.6% on an annual basis to 5.85 billion yuan from 5.33 billion yuan, and total operating expenses grew 14.4% on an annual basis to 5.11 billion yuan from 4.46 billion yuan.
The company said reported net income rose on an annual basis to 2.21 billion yuan, or 3.30 yuan per share, in the full year, from 898.1 million yuan, or 1.34 yuan per share.
As of March 10, US$1 was equivalent to 6.51 yuan.