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ZYNP Q4 profit climbs 11.9% YOY

ZYNP Corp. said its normalized net income for the fourth quarter amounted to 3 fen per share, a gain of 12.4% from 3 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 18.2 million yuan, an increase of 11.9% from 16.3 million yuan in the prior-year period.

The normalized profit margin increased to 7.3% from 7.0% in the year-earlier period.

Total revenue climbed 7.0% on an annual basis to 249.8 million yuan from 233.4 million yuan, and total operating expenses climbed 8.4% on an annual basis to 225.1 million yuan from 207.8 million yuan.

Reported net income rose 7.8% year over year to 38.1 million yuan, or 7 fen per share, from 35.3 million yuan, or 6 fen per share.

For the year, the company's normalized net income totaled 23 fen per share, a gain of 6.1% from 21 fen per share in the prior year.

Normalized net income was 133.3 million yuan, a rise of 6.1% from 125.6 million yuan in the prior year.

Full-year total revenue increased year over year to 1.10 billion yuan from 1.08 billion yuan, and total operating expenses increased on an annual basis to 938.0 million yuan from 921.3 million yuan.

The company said reported net income rose 6.5% year over year to 193.0 million yuan, or 33 fen per share, in the full year, from 181.2 million yuan, or 31 fen per share.

As of March 9, US$1 was equivalent to 6.51 yuan.