China Automotive Co., Ltd. released its third quarter report for 2024.
In the first three quarters of 2024, CAIC achieved operating income of 273 million yuan, a year-on-year increase of 4.52%; The net profit attributable to the parent company was 111 million yuan, a year-on-year decrease of 10.03%.
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Revenue increased by 4.52% year-on-year, and net profit attributable to the parent decreased by 10.03% year-on-year
In the first three quarters of 2024, the total operating income of China Automotive Co., Ltd. was 273 million yuan, an increase of 4.52% year-on-year; the net profit attributable to the parent company was 111 million yuan, a year-on-year decrease of 10.03%; The net profit attributable to the parent company after deducting non-profits was 97 million yuan, a year-on-year decrease of 8.15%.
In the first three quarters of 2024, the R&D expenses of China Automotive Co., Ltd. were 11 million yuan, an increase of 14.6% year-on-year. The company's R&D expenses accounted for 4.05% of revenue, an increase of 0.36 percentage points year-on-year.
In a single quarter, China Automotive achieved revenue of 102 million yuan in the third quarter, down 1.84% from the previous quarter and up 5.7% from the same period last year. From the perspective of profitability, the company achieved a net profit attributable to the parent company of 37 million yuan in the third quarter, down 27.05% from the previous quarter and 21.44% from the same period last year.
Operating cash flow increased by 17.39% year-on-year
According to the third quarter report of 2024, the company's net operating cash flow during the period was 90 million yuan, an increase of 17.39% year-on-year from 76 million yuan in the same period last year.
The net operating cash flow of China Automotive Co., Ltd. in the third quarter was 35 million yuan, an increase of 177.61% year-on-year.
Total liabilities increased by 6.23% year-on-year
At the end of the third quarter of 2024, the total liabilities of China Automotive Co., Ltd. were 567 million yuan, an increase of 6.23% year-on-year.
The asset-liability ratio of China Automobile Co., Ltd. was 16.68%, compared with 16.11% in the same period last year, an increase of 0.57 percentage points year-on-year.
(Article serial number: 1846020836096610304/PLH.)
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