Analysis of Hunan Yuneng's 2024 third quarter financial report

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Hunan Yuneng's operating income from January to September 2024 was 15.879 billion yuan, a year-on-year decline of 53.7%, gross profit margin was 7.9%, and net profit (excluding non-recurring items) was 476 million yuan, a year-on-year decrease of 68.1%. The total period expenses were 624 million yuan, a year-on-year decrease of 15.5%.