Yonyou Network Technology Co. Ltd. said its first-quarter normalized net income was a loss of 7 fen per share, compared with a loss of 4 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 a loss of 126.5 million yuan, compared with a loss of 80.1 million yuan in the prior-year period.
The normalized profit margin declined to negative 21.4% from negative 16.2% in the year-earlier period.
Total revenue grew 19.4% year over year to 590.3 million yuan from 494.6 million yuan, and total operating expenses increased 22.1% year over year to 863.3 million yuan from 706.9 million yuan.
Reported net income totaled a loss of 216.7 million yuan, or a loss of 12 fen per share, compared to a loss of 130.3 million yuan, or a loss of 7 fen per share, in the prior-year period.
As of April 29, US$1 was equivalent to 6.48 yuan.
