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Zhejiang Longsheng's Q3 Profit Surges 321%; Shares Jump 3%
zhejiang longsheng group (600352): The profit margin slightly exceeded our expectations, with a high increase in non-deductible net profit compared to the previous period.
The performance in Q3 2024 slightly exceeded our expectations, with a quarterly increase in non-net income of 2024 and a company revenue of 10.61 billion yuan in Q1-Q3, a year-on-year decrease of 2.03%; net income attributable to the parent company was 1.353 billion yuan, a year-on-year increase.
Zhejiang Longsheng 2024 Third Quarter Report
Zhejiang Longsheng Announces Major Operating Data for the Third Quarter of 2024
Price reduction and volume increase, Zhejiang Longsheng Group, a leading dye company, saw its net income in Q3 increase by more than three times. | Interpretations
①The company's net income for the first three quarters was 1.353 billion yuan, a year-on-year increase of 50.52%, with a 320.82% increase in net profit for the third quarter; ②Sales of dyes, additives, and intermediates by the company in the first three quarters all increased year-on-year, while dye revenue saw a slight year-on-year decline.
Express News | zhejiang longsheng group: net income in the third quarter increased by 320.82% year-on-year.