Tianneng Power International Ltd. said its second-half normalized net income was 30 fen per share, compared with the S&P Capital IQ consensus estimate of 45 fen per share.
EPS increased 27.1% year over year from 24 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 348.1 million yuan, an increase of 28.8% from 270.2 million yuan in the prior-year period.
Total revenue increased 20.5% on an annual basis to 12.38 billion yuan from 10.27 billion yuan, and total operating expenses grew 19.0% on an annual basis to 11.72 billion yuan from 9.85 billion yuan.
Reported net income increased 35.0% from the prior-year period to 460.6 million yuan, or 40 fen per share, from 341.3 million yuan, or 30 fen per share.
For the year, the company's normalized net income totaled 62 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 76 fen.
EPS rose 41.5% from 44 fen in the prior year.
Normalized net income was 711.4 million yuan, a rise of 45.7% from 488.4 million yuan in the prior year.
Full-year total revenue grew 20.7% on an annual basis to 21.48 billion yuan from 17.80 billion yuan, and total operating expenses rose 19.3% year over year to 20.30 billion yuan from 17.02 billion yuan.
The company said reported net income grew 40.7% year over year to 859.1 million yuan, or 74 fen per share, in the full year, from 610.4 million yuan, or 54 fen per share.
As of March 24, US$1 was equivalent to 6.89 yuan.