Jiaze Xinneng disclosed its third quarterly report on October 31, 2022, saying that the company's total operating income in the first three quarters of 2022 was 1.271 billion yuan, a year-on-year increase of 17%; The net profit attributable to the parent was 493 million yuan, a year-on-year increase of 20.8%; Earnings per share were $0.21.
Note: Jiaze Xinneng completed a major asset restructuring on April 19, 2022.
1.5% increase in expense ratio during the period
The company's operating cost in the third quarter of 2022 was 490 million yuan, a year-on-year increase of 15.9%, lower than the growth rate of operating income of 17%, resulting in a gross profit margin increase of 0.3%. The expense ratio for the period was 31.2%, an increase of 1.5% over the previous year.
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