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Shanxi Xinghuacun Fen Wine Factory Q3 profit climbs 26.2% YOY

Shanxi Xinghuacun Fen Wine Factory Co.Ltd. said its normalized net income for the third quarter was 11 fen per share, a gain of 30.3% from 8 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 88.8 million yuan, a gain of 26.2% from 70.4 million yuan in the prior-year period.

The normalized profit margin climbed to 9.1% from 8.5% in the year-earlier period.

Total revenue increased 17.8% on an annual basis to 977.4 million yuan from 829.8 million yuan, and total operating expenses increased 14.4% on an annual basis to 824.0 million yuan from 720.1 million yuan.

Reported net income rose 6.5% from the prior-year period to 92.2 million yuan, or 11 fen per share, from 86.6 million yuan, or 10 fen per share.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.