Meisheng Cultural & Creative Corp. Ltd. said its normalized net income for the first quarter was 15.8 million yuan, an increase from 6.2 million yuan in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 32.1% from 12.3% in the year-earlier period.
Total revenue rose year over year to 52.5 million yuan from 50.7 million yuan, and total operating expenses increased 15.0% from the prior-year period to 50.4 million yuan from 43.8 million yuan.
Reported net income rose from the prior-year period to 8.5 million yuan, or 1 fen per share, from 4.0 million yuan, or 1 fen per share.
As of April 23, US$1 was equivalent to 6.20 yuan.
