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Jonjee Hi-tech Industrial & Commercial Q2 profit climbs 46.3% YOY

Jonjee Hi-tech Industrial & Commercial Holding Co. Ltd. said its second-quarter normalized net income amounted to 7 fen per share, a gain of 46.3% from 5 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 57.7 million yuan, an increase of 46.3% from 39.4 million yuan in the year-earlier period.

The normalized profit margin increased to 7.8% from 5.9% in the year-earlier period.

Total revenue increased 12.3% on an annual basis to 746.1 million yuan from 664.5 million yuan, and total operating expenses grew 7.8% from the prior-year period to 636.4 million yuan from 590.5 million yuan.

Reported net income rose 54.1% from the prior-year period to 76.7 million yuan, or 10 fen per share, from 49.8 million yuan, or 6 fen per share.

As of Aug. 10, US$1 was equivalent to 6.64 yuan.