Sino-Life Group Ltd said its third-quarter normalized net income was 164,250 yuan, a decrease of 75.8% from 677,380 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 declined to 1.2% from 4.2% in the year-earlier period.

Total revenue decreased 13.4% year over year to 13.9 million yuan from 16.1 million yuan, and total operating expenses decreased 8.8% on an annual basis to 13.8 million yuan from 15.1 million yuan.

Reported net income came to a loss of 6,000 yuan, or a loss of 0 fen per share, compared to income of 591,000 yuan, or 0 fen per share, in the prior-year period.

As of Nov. 10, US$1 was equivalent to 6.80 yuan.