Interpretation of Enjie Co., Ltd.'s third quarter financial report for 2024

Enjie's operating income from January to September 2024 was 7.465 billion yuan, down 17.9% year-on-year, gross profit margin was 21.0%, down 19.4 percentage points year-on-year, and net profit margin (excluding non-recurring items) was 417 million yuan, down 79.7% year-on-year. Total period expenses were 1.193 billion yuan, up 5.1% year-on-year, of which sales expenses decreased by 5.3% year-on-year, management expenses [intermediary consulting fees] increased by 37.0%, R&D expenses decreased by 6.4%, and financial expenses decreased by 7.1%.