Shanghai Yimin Commercial Group Co. Ltd. said its first-quarter normalized net income was 4 fen per share, a decline of 5.4% from 4 fen per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 39.2 million yuan, a decrease of 5.6% from 41.6 million yuan in the year-earlier period.
The normalized profit margin fell to 4.2% from 5.0% in the year-earlier period.
Total revenue grew 10.6% year over year to 923.8 million yuan from 835.2 million yuan, and total operating expenses rose 12.3% on an annual basis to 852.6 million yuan from 759.5 million yuan.
Reported net income rose 10.1% from the prior-year period to 56.4 million yuan, or 5 fen per share, from 51.2 million yuan, or 5 fen per share.
As of April 27, US$1 was equivalent to 6.22 yuan.
