Guangzhou Holike Creative Home Co. Ltd. said its normalized net income for the fourth quarter was 14 fen per share, a decrease of 11.2% from 16 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 41.6 million yuan, an increase of 18.7% from 35.1 million yuan in the prior-year period.
The normalized profit margin increased to 12.5% from 12.2% in the year-earlier period.
Total revenue grew 19.6% year over year to 343.0 million yuan from 286.7 million yuan, and total operating expenses rose 22.9% from the prior-year period to 279.9 million yuan from 227.9 million yuan.
Reported net income rose 9.0% on an annual basis to 57.0 million yuan, or 20 fen per share, from 52.3 million yuan, or 24 fen per share.
For the year, the company's normalized net income totaled 42 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 58 fen.
EPS declined 8.0% from 45 fen in the prior year.
Normalized net income was 117.0 million yuan, a rise of 16.7% from 100.2 million yuan in the prior year.
Full-year total revenue grew 20.1% on an annual basis to 1.08 billion yuan from 901.0 million yuan, and total operating expenses grew 21.8% on an annual basis to 904.0 million yuan from 742.3 million yuan.
The company said reported net income increased 14.9% year over year to 162.4 million yuan, or 58 fen per share, in the full year, from 141.3 million yuan, or 64 fen per share.
As of April 8, US$1 was equivalent to 6.47 yuan.