Jiangxi Zhengbang Technology Co.Ltd. said its fourth-quarter normalized net income was 2 fen per share, compared with the S&P Capital IQ consensus estimate of 7 fen per share.

EPS fell 40.6% year over year from 3 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 35.6 million yuan, a decrease of 28.7% from 49.9 million yuan in the prior-year period.

The normalized profit margin fell to 0.7% from 1.4% in the year-earlier period.

Total revenue increased 40.4% year over year to 5.03 billion yuan from 3.58 billion yuan, and total operating expenses climbed 45.4% year over year to 4.98 billion yuan from 3.42 billion yuan.

Reported net income rose 9.3% on an annual basis to 139.8 million yuan, or 7 fen per share, from 127.9 million yuan, or 8 fen per share.

For the year, the company's normalized net income totaled 32 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 55 fen.

EPS rose from 8 fen in the prior year.

Normalized net income was 646.1 million yuan, an increase from 155.7 million yuan in the prior year.

Full-year total revenue increased 15.3% year over year to 18.92 billion yuan from 16.42 billion yuan, and total operating expenses grew 11.1% year over year to 17.75 billion yuan from 15.98 billion yuan.

The company said reported net income grew on an annual basis to 1.05 billion yuan, or 52 fen per share, in the full year, from 311.4 million yuan, or 16 fen per share.

As of April 11, US$1 was equivalent to 6.90 yuan.