ST Bailong disclosed the third quarterly report on October 28, 2021, the company achieved a total operating income of 110 million yuan in the first three quarters of 2021, down 81.1% year-on-year, a decline of more than the same period last year; achieved a net profit attributable to the mother of -43.425 million yuan, compared with 140 million yuan in the same period last year, failing to maintain a profitable state.
Expense ratio increased by 44% during the period, which was a drag on the company's performance, with a significant decline in operating costs and a sharp decline in operating cash flow of 192.9%
The company's operating cost in the third quarter of 2021 was 99.087 million, down 73.2% year-on-year, lower than the decline rate of 81.1% of operating income, and the gross profit margin fell by 25.8%. The expense ratio for the period was 58.1%, an increase of 44% over the previous year, which was a drag on the company's performance. Operating cash flow fell from 160 million to -140 million, down 192.9% year-on-year.
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