Jiangsu Huaxicun Co. Ltd. said its first-quarter normalized net income amounted to 6.5 million yuan, compared with a loss of 1.1 million 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 rose to 1.2% from negative 0.3% in the year-earlier period.
Total revenue rose 36.3% on an annual basis to 566.5 million yuan from 415.7 million yuan, and total operating expenses climbed 34.2% on an annual basis to 543.8 million yuan from 405.1 million yuan.
Reported net income came to 8.0 million yuan, or 1 fen per share, compared to a loss of 2.8 million yuan, or a loss of 0 fen per share, in the prior-year period.
As of April 24, US$1 was equivalent to 6.19 yuan.
