On October 21, 2021, Dabeinong disclosed its third quarterly report, and the company achieved a total operating income of 23.44 billion yuan in the first three quarters of 2021, an increase of 53.6% year-on-year; a net profit attributable to the mother of 110 million, down 92.8% year-on-year; and earnings per share of 0.03 yuan.
During the period, the expense ratio decreased by 1.8%, the expense control was reasonable, the operating costs increased significantly, and the operating cash flow decreased significantly
The company's operating cost in the third quarter of 2021 was 20.84 billion yuan, an increase of 77.7% year-on-year, higher than the growth rate of 53.6% in operating income, resulting in a 12.1% decline in gross profit margin. The expense ratio for the period was 10.5%, down 1.8% from the previous year, and the cost control was reasonable. Operating cash flow fell sharply by 51.1% to 580 million.
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