Comments on Yinlun Holdings' 2024 third quarter financial report

Yinlun achieved revenue of 3.05 billion yuan in the third quarter of 2024, an increase of 11.9% year-on-year, and net profit attributable to the parent reached 200 million yuan, an increase of 27.3% year-on-year. Despite the decline in revenue, net profit increased, mainly due to the company's successful expansion in new energy business and effective cost control measures.