Yinlun Holdings' third quarter performance in 2024 is stable, and the third growth curve is accelerating

On October 29, 2024, Yinlun Holdings released its third quarter financial report for 2024. The report showed that the company achieved revenue of 3.054 billion yuan in the third quarter, an increase of 11.85% year-on-year and a decrease of 4.94% month-on-month; net profit attributable to the parent company was 201 million yuan, an increase of 27.31% year-on-year and a decrease of 4.76% month-on-month; net profit attributable to the parent company after deducting non-recurring items was 185 million yuan, an increase of 19.44% year-on-year and a slight increase of 0.09% month-on-month. Although revenue declined month-on-month, passenger car customers grew rapidly, while commercial vehicles performed relatively flat in the third quarter.