Wencan Holdings released its third quarter financial report for 2024, with revenue increasing by 29.2% year-on-year

Wencan Holdings recently released its financial report for the third quarter of 2024. The report showed that the company's revenue in the quarter reached 1.63 billion yuan, a year-on-year increase of 29.2%. Although the net profit attributable to the parent company was 15 million yuan, a year-on-year decline of 57.1%, the company's gross profit margin improved to 14.52%, an increase of 0.58 percentage points from the previous month. This is mainly due to the decline in raw material prices and the advancement of new energy major customer projects. However, due to the impact of exchange rate fluctuations on overseas assets, the company's financial expenses increased to 49 million yuan from the previous month.