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Yihua Lifestyle Technology Q1 profit climbs 10.7% YOY

Yihua Lifestyle Technology Co. Ltd. said its first-quarter normalized net income amounted to 6 fen per share, a gain of 13.2% from 6 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 93.1 million yuan, an increase of 10.7% from 84.1 million yuan in the year-earlier period.

The normalized profit margin increased to 11.5% from 10.7% in the year-earlier period.

Total revenue rose year over year to 816.0 million yuan from 782.6 million yuan, and total operating expenses climbed year over year to 643.4 million yuan from 623.4 million yuan.

Reported net income grew 10.0% on an annual basis to 132.1 million yuan, or 9 fen per share, from 120.1 million yuan, or 8 fen per share.

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