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China National Nuclear Power Q2 profit falls YOY

China National Nuclear Power Co. Ltd. said its second-quarter normalized net income was 4 fen per share, a decline of 16.2% from 5 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 616.0 million yuan, a decrease of 16.9% from 741.2 million yuan in the year-earlier period.

The normalized profit margin climbed to 19.5% from 10.0% in the year-earlier period.

Total revenue rose 11.0% on an annual basis to 8.27 billion yuan from 7.45 billion yuan, and total operating expenses fell 11.2% year over year to 4.01 billion yuan from 4.52 billion yuan.

Reported net income fell 10.6% on an annual basis to 1.33 billion yuan, or 9 fen per share, from 1.49 billion yuan, or 9 fen per share.

As of Aug. 24, US$1 was equivalent to 6.66 yuan.