Shenzhen Fenda Technology Co. Ltd. said its normalized net income for the first quarter came to 2 fen per share, a gain of 67.3% from 1 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 25.4 million yuan, a gain of 69.0% from 15.0 million yuan in the year-earlier period.
The normalized profit margin increased to 9.7% from 9.6% in the year-earlier period.
Total revenue climbed 68.3% year over year to 263.0 million yuan from 156.2 million yuan, and total operating expenses increased 66.6% on an annual basis to 233.4 million yuan from 140.1 million yuan.
Reported net income rose 78.3% year over year to 38.5 million yuan, or 4 fen per share, from 21.6 million yuan, or 2 fen per share.
As of April 21, US$1 was equivalent to 6.20 yuan.
