GOME Retail Holdings Ltd said its normalized net income for the first quarter was 277.5 million yuan, an increase of 24.0% from 223.9 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 1.9% from 1.7% in the year-earlier period.
Total revenue grew 8.3% year over year to 14.46 billion yuan from 13.35 billion yuan, and total operating expenses increased 8.0% from the prior-year period to 14.17 billion yuan from 13.12 billion yuan.
Reported net income came to 292.5 million yuan, compared with 268.1 million yuan in the year-earlier period.
As of May 21, US$1 was equivalent to 6.20 yuan.