Redick's third quarter financial report showed strong performance, and the acquisition of KGG expanded the precision screw business

Redick released its financial report for the third quarter of 2024, showing revenue of 192 million yuan, a year-on-year increase of 9.4% and a month-on-month increase of 12.1%. Although net profit attributable to the parent company decreased by 12.9% year-on-year, it increased by 32.5% month-on-month, showing strong profitability. In addition, the company announced that it would acquire 51% of KGG's shares in cash to further expand its business in the field of precision screws.