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Net income decreased to CNY 6.3 million in the quarter from CNY 106.3 million a year earlier; basic and diluted earnings per share dropped to CNY 0.1 from CNY 2.00 a year earlier; gross margin decreased to 17.9% compared with 31.4% a year ago; and operating income plunged to CNY 41.3 million from CNY 152.0 million in the first quarter of 2008.
Moreover, the company reached a gross profit of CNY 82.3 million in the quarter, compared with CNY 189.9 million a year ago; selling and distribution expenses of CNY 20.7 million, compared with CNY 16.8 million a year earlier; and general and administration expenses of CNY 12.0 million, compared with CNY 11.2 million a year earlier.
Besides, its handset shipment reached 762,000 units, compared with 846,000 units in the same period of 2008.
Source: www.163.com (August 13, 2009)
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