On October 30, 2021, Newland disclosed its third quarterly report, and the company achieved a total operating income of 5.42 billion yuan in the first three quarters of 2021, an increase of 9.8% year-on-year; a net profit attributable to the mother of 500 million yuan, an increase of 10.6% year-on-year; and earnings per share of 0.49 yuan.
Operating cash flow rose sharply by 297.8%
The company's operating costs in the third quarter of 2021 were 3.74 billion, an increase of 15% year-on-year, higher than the growth rate of operating income of 13%, resulting in a 1.3% decline in gross profit margin. The expense ratio for the period was 18.2%, down 1.3% from the previous year. Operating cash flow rose sharply by 297.8% to 720 million.
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