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Guangdong CHJ Industry Q1 profit falls YOY

Guangdong CHJ Industry Co. LTD. said its first-quarter normalized net income amounted to 7 fen per share, an increase 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 58.1 million yuan, a decrease of 5.6% from 61.6 million yuan in the prior-year period.

The normalized profit margin rose to 8.2% from 8.2% in the year-earlier period.

Total revenue totaled 753.2 million yuan, compared with 749.1 million yuan in the year-earlier period, and total operating expenses fell from the prior-year period to 651.5 million yuan from 659.2 million yuan.

Reported net income totaled 80.5 million yuan, or 10 fen per share, compared to 80.2 million yuan, or 9 fen per share, in the prior-year period.

As of April 29, US$1 was equivalent to 6.48 yuan.