Shuanghuan Transmission's third quarter financial report in 2024 performed well

In the third quarter of 2024, Shuanghuan Transmission's operating income reached 2.42 billion yuan, a year-on-year increase of 10.7% and a month-on-month increase of 7.7%. Net profit attributable to the parent was 265 million yuan, a year-on-year increase of 20.0% and a month-on-month increase of 5.3%. These good results are mainly due to the revenue growth of new energy gears and intelligent actuators. In addition, the company's gross profit margin has also increased to 24.0%, an increase of 2.2 percentage points year-on-year and 1.1 percentage points month-on-month. This is mainly due to the increase in gross profit margins of passenger and commercial vehicle gears and intelligent execution structures.