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Zhejiang Shuanghuan Driveline Q1 profit climbs YOY

4912631 said its first-quarter normalized net income amounted to 3 fen per share, a decrease of 7.1% from 4 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 21.1 million yuan, an increase from 20.8 million yuan in the prior-year period.

The normalized profit margin dropped to 6.4% from 7.3% in the year-earlier period.

Total revenue increased 16.3% year over year to 329.8 million yuan from 283.5 million yuan, and total operating expenses increased 18.6% from the prior-year period to 292.6 million yuan from 246.6 million yuan.

eported net income came to 27.1 million yuan, Zhejiang Shuanghuan Driveline Co. Ltd..