Core viewpoints

Changhong Meiling released the third quarter report of 2023, benefiting from the increment of domestic and export sales driven by endogenous changes and the effective control of the superimposed expense side, the company's operating performance grew steadily in the third quarter. In the early stage of the market, we pay more attention to the performance flexibility of the company under the background of low base profits. we believe that the company has made efforts in recent years around "one goal", closely linked to the "three main lines", and the overall operating capacity and product competitiveness have been significantly improved. it is expected to promote the company to achieve long-term performance growth.

Event

On October 23, 2023, Changhong Meiling released the third quarter report of 2023.

23Q1-3 achieved an operating income of 19.168 billion yuan, an increase of 24.66% over the same period last year, of which Q3 was 6.339 billion yuan in a single quarter, an increase of 23.07% over the same period last year.

23Q1-3 achieved a net profit of 499 million yuan, an increase of 207.51% over the same period last year, of which Q3 was 141 million yuan in a single quarter, an increase of 38.20% over the same period last year.

23Q1-3 realized deduction of 513 million yuan in non-net profit, an increase of 554.80 percent over the same period last year, of which Q3 in a single quarter was 131 million yuan, an increase of 76.74 percent over the same period last year.