Kaidi shares (605288.SH) in the first three quarters of the net profit attributable to the mother fell by 15.64% year-on-year to 88.86 million yuan

Zhitong Financial APP News, Kaidi Shares (605288.SH) disclosed the third quarter report of 2021, the company achieved revenue of 1.19 billion yuan in the first three quarters, an increase of 47.77% year-on-year; Net profit attributable to the mother was 88.86 million yuan, down 15.64% year-on-year; Deducting non-net profit of 71.45 million yuan, down 24.89% year-on-year. Basic earnings per share were RMB1.26.

The revenue growth in the reporting period was mainly due to the recovery of downstream demand, sufficient orders and a substantial increase in sales scale. In addition, the net cash flow from operating activities in the reporting period decreased by 177.79% year-on-year, mainly due to the increase in strategic stockpiling of sufficient sales orders, resulting in operating expenses such as material procurement exceeding sales collections in the short term.