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Shenyang Cuihua Gold & Silver Jewelry Q3 profit falls YOY

4912253 said its third-quarter normalized net income came to 6 fen per share, a decline of 43.2% from 10 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 8.5 million yuan, a decrease of 43.5% from 15.0 million yuan in the prior-year period.

The normalized profit margin fell to 2.1% from 2.1% in the year-earlier period.

Total revenue fell 42.4% year over year to 406.6 million yuan from 705.7 million yuan, and total operating expenses declined 44.0% from the prior-year period to 381.2 million yuan from 680.7 million yuan.

Reported net income came to 14.8 million yuan, or 10 fen per share, compared to 14.9 million yuan, or 10 fen per share, in the year-earlier period.

s of Oct. 26, US$1 was equivalent to 6.77 yuan.Shenyang Cuihua Gold and Silver Jewelry Co. Ltd.

4912253 said its third-quarter normalized net income came to 6 fen per share, a decline of 43.2% from 10 fen per share in the year-earlier period.