Huguang Group's third quarter financial report for 2024 was released, with both revenue and net profit increasing significantly

In the third quarter of 2024, Huguang's revenue reached 2.114 billion yuan, a year-on-year increase of 121.40% and a month-on-month increase of 12.14%. The net profit attributable to the parent was 183 million yuan, a year-on-year increase of 901.75% and a month-on-month increase of 18.89%. The net profit attributable to the parent after deducting non-recurring items was 178 million yuan, a year-on-year increase of 1129.28% and a month-on-month increase of 18.41%. This is mainly due to the increase in sales of downstream core customer Seres and the improvement of the company's own scale effect.