Huayang Group released its 2024 third quarter report, with both revenue and net profit achieving significant growth

Huayang Group released its third quarter financial report for 2024. The report shows that the company achieved a revenue of 6.841 billion yuan in 24Q1-3, a year-on-year increase of 42.6%; and the net profit attributable to the parent reached 465 million yuan, a year-on-year increase of 56.2%, in line with previous performance expectations. Although the company's gross profit margin has declined slightly, the proper cost control has led to an increase in net profit margin.