LiJiang YuLong Tourism Co. Ltd. said its first-quarter normalized net income came to 5 fen per share, compared with the S&P Capital IQ consensus estimate of 7 fen per share.
EPS increased 34.3% year over year from 4 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.9 million yuan, a gain of 51.7% from 18.4 million yuan in the prior-year period.
The normalized profit margin rose to 19.0% from 12.3% in the year-earlier period.
Total revenue declined on an annual basis to 146.7 million yuan from 149.5 million yuan, and total operating expenses declined 8.5% on an annual basis to 81.7 million yuan from 89.3 million yuan.
Reported net income grew 41.2% year over year to 42.1 million yuan, or 8 fen per share, from 29.8 million yuan, or 6 fen per share.
As of April 27, US$1 was equivalent to 6.22 yuan.
