On October 26, 2021, Changling Hydraulics disclosed the third quarterly report, and the company achieved a total operating income of 680 million yuan in the first three quarters of 2021, an increase of 14.7% year-on-year; a net profit attributable to the mother of 160 million, down 7.6% year-on-year; and earnings per share of 1.77 yuan.
Expenses for the period were 46.702 million yuan and operating costs were 450 million yuan
The company's operating costs in the third quarter of 2021 were 450 million yuan, an increase of 27.7% year-on-year, higher than the growth rate of operating income of 14.7%, resulting in a 6.8% decline in gross profit margin. The expense ratio for the period was 6.9%, an increase of 0.7 percentage points over the previous year.
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