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Shanghai Yuyuan Tourist Mart Q4 profit falls YOY

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Shanghai Yuyuan Tourist Mart Q4 profit falls YOY

4407431 said its fourth-quarter normalized net income was 12 fen per share, a decline of 35.1% from 18 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 165.4 million yuan, a decrease of 35.3% from 255.5 million yuan in the year-earlier period.

The normalized profit margin dropped to 5.1% from 5.2% in the year-earlier period.

Total revenue decreased 28.4% on an annual basis to 3.50 billion yuan from 4.88 billion yuan, and total operating expenses fell 29.2% on an annual basis to 3.42 billion yuan from 4.84 billion yuan.

Reported net income declined 33.4% year over year to 279.4 million yuan, or 20 fen per share, from 419.2 million yuan, or 29 fen per share.

For the year, the company's normalized net income totaled 39 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 65 fen.

EPS declined 19.7% from 49 fen in the prior year.

Normalized net income was 567.2 million yuan, a fall of 19.8% from 707.0 million yuan in the prior year.

Full-year total revenue decreased 8.4% on an annual basis to 17.55 billion yuan from 19.15 billion yuan, and total operating expenses fell 8.0% year over year to 16.95 billion yuan from 18.42 billion yuan.

The company said reported net income decreased 19.5% year over year to 807.2 million yuan, or 56 fen per share, in the full year, from 1.00 billion yuan, or 70 fen per share.

s of March 29, US$1 was equivalent to 6.51 yuan.Shanghai Yuyuan Tourist Mart Co. Ltd.

4407431 said its fourth-quarter normalized net income was 12 fen per share, a decline of 35.1% from 18 fen per share in the year-earlier period.