Zhejiang Shibao (Stock Code: 1057) announced its third quarter report for 2024, which has not been audited but has been approved by the company's board of directors. The report shows that in the third quarter of 2024, Zhejiang Shibao's revenue reached 69.121 billion RMB, a year-on-year increase of 54.09%, while the revenue from January to September 2024 was 181.757 billion RMB, a year-on-year increase of 54.49%. The net profit attributable to shareholders of the listed company in the third quarter reached 4.509 billion RMB, a significant year-on-year increase of 115.88%, while for the first nine months it reached 11.198 billion RMB, a year-on-year increase of 174.96%. In addition, the net profit growth after deducting non-recurring gains and losses increased by 172.09% to...Show More

Zhejiang Shibao (Stock Code: 1057) announced its third quarter report for 2024, which has not been audited but has been approved by the company's board of directors. The report shows that in the third quarter of 2024, Zhejiang Shibao's revenue reached 69.121 billion RMB, a year-on-year increase of 54.09%, while the revenue from January to September 2024 was 181.757 billion RMB, a year-on-year increase of 54.49%. The net profit attributable to shareholders of the listed company in the third quarter reached 4.509 billion RMB, a significant year-on-year increase of 115.88%, while for the first nine months it reached 11.198 billion RMB, a year-on-year increase of 174.96%. In addition, the net profit growth after deducting non-recurring gains and losses increased by 172.09% to 345.89% year-on-year. The company stated that the growth in revenue and profit is mainly due to the acceleration of trends in automobile electrification, intelligence, and globalization, as well as the increase in market share of Chinese brand passenger vehicles. During the reporting period, the company's total assets increased to 297.482 billion RMB, a year-on-year increase of 12.23%, while the net assets attributable to shareholders of the listed company increased to 190.594 billion RMB, a year-on-year increase of 29.67%.