Sunnyloantop Co.,Ltd said its normalized net income for the first quarter amounted to 4 fen per share, an increase from 4 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 20.0 million yuan, an increase from 19.3 million yuan in the year-earlier period.
The normalized profit margin declined to 6.5% from 7.7% in the year-earlier period.
Total revenue increased 23.1% on an annual basis to 310.6 million yuan from 252.3 million yuan, and total operating expenses increased 24.4% on an annual basis to 275.2 million yuan from 221.2 million yuan.
Reported net income increased 10.6% year over year to 23.3 million yuan, or 5 fen per share, from 21.0 million yuan, or 5 fen per share.
As of April 29, US$1 was equivalent to 6.20 yuan.
