Jiangsu Yunyi Electric Co. Ltd. said its normalized net income for the third quarter came to 12.9 million yuan, an increase from 5.9 million yuan in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 10.3% from 7.3% in the year-earlier period.
Total revenue climbed 55.1% on an annual basis to 124.6 million yuan from 80.3 million yuan, and total operating expenses increased 43.8% on an annual basis to 107.5 million yuan from 74.7 million yuan.
Reported net income rose from the prior-year period to 15.5 million yuan, or 2 fen per share, from 4.4 million yuan, or 1 fen per share.
As of Oct. 25, US$1 was equivalent to 6.78 yuan.