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Anhui Zhongding Sealing Parts Q2 profit climbs 13.0% YOY

Anhui Zhongding Sealing Parts Co. Ltd. said its normalized net income for the second quarter came to 14 fen per share, a gain from 13 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 163.7 million yuan, a gain of 13.0% from 144.8 million yuan in the year-earlier period.

The normalized profit margin climbed to 9.6% from 8.3% in the year-earlier period.

Total revenue increased 7.4% year over year to 1.87 billion yuan from 1.74 billion yuan, and total operating expenses climbed 5.6% year over year to 1.56 billion yuan from 1.48 billion yuan.

Reported net income increased 14.0% year over year to 237.3 million yuan, or 20 fen per share, from 208.1 million yuan, or 19 fen per share.

As of Aug. 30, US$1 was equivalent to 6.67 yuan.