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Guoguang Electric profit holds mostly steady YOY in Q3

4911664 said its normalized net income for the third quarter was 6 fen per share, a decrease of 6.4% from 7 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 26.3 million yuan, compared with 26.4 million yuan in the year-earlier period.

The normalized profit margin dropped to 3.4% from 4.2% in the year-earlier period.

Total revenue increased 22.7% on an annual basis to 774.4 million yuan from 631.0 million yuan, and total operating expenses grew 26.0% on an annual basis to 739.8 million yuan from 587.1 million yuan.

eported net income rose 24.1% from the prior- Guoguang Electric Co. Ltd..