Jonjee Hi-tech Industrial & Commercial Holding Co. Ltd. said its normalized net income for the first quarter was 5 fen per share, compared with the S&P Capital IQ consensus estimate of 13 fen per share.
EPS decreased 31.7% year over year from 7 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 40.4 million yuan, a decrease of 31.7% from 59.1 million yuan in the year-earlier period.
The normalized profit margin dropped to 6.2% from 8.8% in the year-earlier period.
Total revenue fell year over year to 656.0 million yuan from 675.3 million yuan, and total operating expenses totaled 575.5 million yuan, compared with 572.8 million yuan in the prior-year period.
Reported net income declined 32.7% from the prior-year period to 53.2 million yuan, or 7 fen per share, from 79.2 million yuan, or 10 fen per share.
As of April 29, US$1 was equivalent to 6.20 yuan.
