Noblelift Intelligent Equipment Co. Ltd. said its first-quarter normalized net income was 9 fen per share, a decrease of 17.6% from 11 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 12.8 million yuan, compared with 12.7 million yuan in the year-earlier period.
The normalized profit margin climbed to 5.6% from 4.9% in the year-earlier period.
Total revenue declined on an annual basis to 250.3 million yuan from 261.4 million yuan, and total operating expenses declined 5.1% from the prior-year period to 230.0 million yuan from 242.5 million yuan.
Reported net income grew 72.9% on an annual basis to 19.5 million yuan, or 14 fen per share, from 11.3 million yuan, or 10 fen per share.
As of April 27, US$1 was equivalent to 6.22 yuan.
