Lonkey Industrial Co.Ltd. Guangzhou said its first-quarter normalized net income amounted to 5.8 million yuan, an increase from 2.7 million yuan in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 0.4% from 0.3% in the year-earlier period.
Total revenue climbed 20.1% on an annual basis to 1.22 billion yuan from 1.01 billion yuan, and total operating expenses grew 19.9% year over year to 1.20 billion yuan from 1.00 billion yuan.
Reported net income increased 18.9% from the prior-year period to 4.8 million yuan, or 1 fen per share, from 4.0 million yuan, or 1 fen per share.
As of April 17, US$1 was equivalent to 6.20 yuan.
