GD Power Development Co. Ltd. said its second-quarter normalized net income came to 6 fen per share, compared with 6 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 1.21 billion yuan, a gain of 14.6% from 1.05 billion yuan in the prior-year period.
The normalized profit margin climbed to 9.3% from 6.9% in the year-earlier period.
Total revenue declined 14.3% on an annual basis to 13.14 billion yuan from 15.33 billion yuan, and total operating expenses decreased 17.9% on an annual basis to 9.04 billion yuan from 11.01 billion yuan.
Reported net income increased 15.5% on an annual basis to 1.73 billion yuan, or 9 fen per share, from 1.50 billion yuan, or 9 fen per share.
As of Aug. 24, US$1 was equivalent to 6.40 yuan.
