Sanan Optoelectronics Co. Ltd. said its normalized net income for the third quarter came to 7 fen per share, compared with the S&P Capital IQ consensus estimate of 16 fen per share.
EPS decreased 6.4% year over year from 8 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 281.6 million yuan, a decrease of 8.0% from 305.9 million yuan in the prior-year period.
The normalized profit margin climbed to 32.3% from 23.5% in the year-earlier period.
Total revenue totaled 1.31 billion yuan, compared with 1.30 billion yuan in the year-earlier period, and total operating expenses grew on an annual basis to 868.8 million yuan from 851.3 million yuan.
Reported net income increased 41.4% on an annual basis to 542.7 million yuan, or 14 fen per share, from 383.8 million yuan, or 10 fen per share.
As of Oct. 27, US$1 was equivalent to 6.35 yuan.
