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Beijing Deinong Technology Q2 profit climbs YOY

Beijing Dabeinong Technology Group Co. Ltd. said its second-quarter normalized net income was 4 fen per share, a gain from 2 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 157.8 million yuan, an increase from 70.7 million yuan in the year-earlier period.

The normalized profit margin climbed to 4.1% from 1.8% in the year-earlier period.

Total revenue increased 6.6% year over year to 4.11 billion yuan from 3.85 billion yuan, and total operating expenses grew year over year to 3.86 billion yuan from 3.75 billion yuan.

Reported net income grew on an annual basis to 230.5 million yuan, or 6 fen per share, from 104.5 million yuan, or 3 fen per share.

As of Aug. 17, US$1 was equivalent to 6.64 yuan.