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Guizhou Guihang Automotive Components Q1 profit falls YOY

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Guizhou Guihang Automotive Components Q1 profit falls YOY

4913873 said its normalized net income for the first quarter came to 4 fen per share, a decrease from 4 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 11.9 million yuan, a decline from 12.4 million yuan in the year-earlier period.

The normalized profit margin increased to 2.3% from 1.8% in the year-earlier period.

Total revenue rose on an annual basis to 721.1 million yuan from 697.0 million yuan, and total operating expenses grew from the prior-year period to 690.7 million yuan from 674.2 million yuan.

eported net income came to 17.7 million yuan, Guizhou Guihang Automotive Components Co. Ltd..