China Automotive Research Institute released its third quarter financial report for 2024, with both revenue and net profit increasing year-on-year

China Automotive Research Institute released its financial report for the third quarter of 2024. The report showed that the company's total revenue in the first three quarters of 2024 reached 3.047 billion yuan, a year-on-year increase of 20.89%. Net profit attributable to the parent was 670 million yuan, a year-on-year increase of 20.50%. The net profit attributable to the parent after deducting non-recurring items was 605 million yuan, a year-on-year increase of 13.60%. In the third quarter of 2024, the company's revenue was 1.047 billion yuan, a year-on-year increase of 20.32% and a month-on-month decrease of 8.09%. The net profit attributable to the parent was 269 million yuan, a year-on-year increase of 26.05% and a month-on-month increase of 13.22%. The net profit attributable to the parent after deducting non-recurring items was 228 million yuan, a year-on-year increase of 12.13% and a month-on-month increase of 1.81%.