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Guangdong CHJ Industry Q3 profit falls YOY

Guangdong CHJ Industry Co. LTD. said its third-quarter normalized net income came to 5 fen per share, a decline of 6.6% from 5 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 40.6 million yuan, a decrease of 5.6% from 43.1 million yuan in the prior-year period.

The normalized profit margin fell to 5.9% from 6.6% in the year-earlier period.

Total revenue climbed year over year to 685.9 million yuan from 657.5 million yuan, and total operating expenses climbed 7.0% from the prior-year period to 611.3 million yuan from 571.5 million yuan.

Reported net income totaled 53.3 million yuan, or 6 fen per share, compared to 52.8 million yuan, or 6 fen per share, in the year-earlier period.

As of Oct. 26, US$1 was equivalent to 6.77 yuan.