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Guanghe Landscape Culture Communication Q1 loss widens YOY

Guanghe Landscape Culture Communication Co. Ltd. said its first-quarter normalized net income amounted to a loss of 5.1 million yuan, compared with a loss of 367,680 yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 185.6% from negative 13.9% in the year-earlier period.

Total revenue rose on an annual basis to 2.7 million yuan from 2.6 million yuan, and total operating expenses climbed on an annual basis to 9.7 million yuan from 3.5 million yuan.

Reported net income totaled a loss of 10.5 million yuan, or a loss of 5 fen per share, compared to a loss of 3.0 million yuan, or a loss of 2 fen per share, in the prior-year period.

As of April 30, US$1 was equivalent to 6.20 yuan.