Shenzhen Huijie Group Co. Ltd. said its fourth-quarter normalized net income amounted to a loss of 9.5 million yuan, compared with income of 329,400 yuan in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 2.8% from 0.1% in the year-earlier period.

Total revenue climbed 11.0% year over year to 504.3 million yuan from 454.4 million yuan, and total operating expenses climbed 17.6% year over year to 520.0 million yuan from 442.3 million yuan.

Reported net income totaled a loss of 2.5 million yuan, or a loss of 1 fen per share, compared to income of 2.8 million yuan, or 1 fen per share, in the prior-year period.

For the year, the company's normalized net income totaled 39 fen per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 44 fen.

EPS rose from 38 fen in the prior year.

Normalized net income was 133.2 million yuan, a rise of 19.9% from 111.1 million yuan in the prior year.

Full-year total revenue increased 14.1% year over year to 1.89 billion yuan from 1.65 billion yuan, and total operating expenses rose 15.1% on an annual basis to 1.66 billion yuan from 1.44 billion yuan.

The company said reported net income rose 24.6% year over year to 165.5 million yuan, or 49 fen per share, in the full year, from 132.8 million yuan, or 46 fen per share.

As of April 11, US$1 was equivalent to 6.46 yuan.