Guangdong CHJ Industry Co. LTD. said its normalized net income for the first quarter amounted to 6 fen per share, a decline from 6 fen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 50.5 million yuan, a gain from 50.0 million yuan in the year-earlier period.
The normalized profit margin climbed to 8.2% from 7.1% in the year-earlier period.
Total revenue rose 7.0% year over year to 749.1 million yuan from 700.3 million yuan, and total operating expenses grew 4.9% on an annual basis to 659.2 million yuan from 628.3 million yuan.
Reported net income came to 80.2 million yuan, or 9 fen per share, compared to 75.9 million yuan, or 9 fen per share, in the prior-year period.
As of April 28, US$1 was equivalent to 6.20 yuan.
