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Fintech Intelligence Newsletter: February 2021

Canature Q1 profit climbs 20.8% YOY

Canature Health Technology Group Co. Ltd. said its first-quarter normalized net income amounted to 2 fen per share, a gain of 21.3% from 2 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 8.1 million yuan, an increase of 20.8% from 6.7 million yuan in the prior-year period.

The normalized profit margin declined to 7.7% from 9.0% in the year-earlier period.

Total revenue grew 42.3% on an annual basis to 106.4 million yuan from 74.8 million yuan, and total operating expenses rose 49.4% from the prior-year period to 98.6 million yuan from 66.0 million yuan.

Reported net income rose 15.9% on an annual basis to 9.8 million yuan, or 2 fen per share, from 8.5 million yuan, or 2 fen per share.

As of April 25, US$1 was equivalent to 6.49 yuan.