On October 30, 2021, Krauss disclosed the third quarterly report, the company achieved a total operating income of 6.69 billion yuan in the first three quarters of 2021, down 0.4% year-on-year, a decline narrower than the same period last year; achieved a net profit attributable to the mother of -220 million yuan, compared with -200 million yuan in the same period last year, and the loss margin expanded.
Note: Klaus completed a major asset restructuring on December 29, 2018.
Operating cash flow rose sharply by 538.8%
The company's operating costs in the third quarter of 2021 were 5.28 billion, down 0.3% year-on-year, lower than the decline rate of 0.4% in operating income, and gross profit margin fell by 0.1%. The expense ratio for the period was 25.8 per cent, a small change from the previous year. Operating cash flow increased from -160 million to 700 million, up 538.8% year-on-year.
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