Daodaoquan released the third quarter report for 2024.
In the first three quarters of 2024, Daodaoquan achieved operating income of 4.203 billion yuan, a year-on-year decrease of 20%; the net profit was 112 million yuan, a year-on-year decrease of 41.9%; The net profit attributable to the parent company was 111 million yuan, a year-on-year decrease of 39.84%.
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Revenue decreased by 20% year-on-year, and net profit attributable to the parent company decreased by 39.84% year-on-year
In the first three quarters of 2024, Daodao's total operating income was 4.203 billion yuan, a year-on-year decrease of 20%; the net profit attributable to the parent company was 111 million yuan, a year-on-year decrease of 39.84%; The net profit attributable to the parent company after deducting non-profits was 78 million yuan, a year-on-year decrease of 39.02%.
In the first three quarters of 2024, Daodaoquan's R&D expenses were 50 million yuan, an increase of 49.18% year-on-year. The company's R&D expenses accounted for 0.12% of revenue, an increase of 0.05 percentage points year-on-year.
In a single quarter, Daodaoquan achieved revenue of 1.443 billion yuan in the third quarter, an increase of 16.11% from the previous quarter and a year-on-year decrease of 25.24%. From the perspective of profitability, the company achieved a net profit attributable to the parent company of 84 million yuan in the third quarter, turning losses into profits from the previous quarter, an increase of 129.17% year-on-year.
Operating cash flow increased by 44.99% year-on-year
According to the third quarter report of 2024, the company's net operating cash flow during the period was 2.14 billion yuan, an increase of 44.99% year-on-year from 1.476 billion yuan in the same period last year.
Daodao's net operating cash flow in the third quarter was 758 million yuan, an increase of 54.04% year-on-year.
The inventory was 1.385 billion yuan, and the total liabilities decreased by 22.97% year-on-year
At the end of the third quarter of 2024, Daodaoquan's total liabilities were 2.755 billion yuan, a year-on-year decrease of 22.97%.
The asset-liability ratio of Daodaoquan was 56.90%, compared with 62.32% in the same period last year, a year-on-year decrease of 5.42 percentage points.
As of the end of the third quarter of 2024, the company's inventory was 1.385 billion yuan, a year-on-year decrease of 32.71%.
(Article serial number: 1845751868328906752/PLH.)
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