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Sichuan Chuanhuan Technology Q3 profit climbs 30.6% YOY

Sichuan Chuanhuan Technology Co. Ltd. said its third-quarter normalized net income was 31 fen per share, a gain of 31.2% from 24 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 13.9 million yuan, a gain of 30.6% from 10.6 million yuan in the year-earlier period.

The normalized profit margin climbed to 12.8% from 11.3% in the year-earlier period.

Total revenue increased 15.7% on an annual basis to 108.4 million yuan from 93.7 million yuan, and total operating expenses increased 16.2% on an annual basis to 90.2 million yuan from 77.7 million yuan.

Reported net income grew 27.6% on an annual basis to 18.3 million yuan, or 41 fen per share, from 14.3 million yuan, or 32 fen per share.

As of Oct. 28, US$1 was equivalent to 6.78 yuan.