GLETSNEWS Nov. 20 - Friend Co., Ltd. (605050.SH) stated at the performance briefing:(1) In the third quarter of 2024, compared to the second quarter of 2024, there was a certain growth in performance. The main reason is that the prices of raw materials for automotive panels and end customer orders in the third quarter of 2024 showed a good upward trend. The company's end user sales gross margin increased, and at the end of the second quarter, the sales of stocked inventory turned from loss to profit. Compared to the second quarter of 2024, the third quarter of 2024 achieved certain performance growth. (2) It is expected that in the fourth quarter of 2024, the upstream raw material steel prices will be relatively stable. The company will also focus on established strategic goals and performance indicators, make efforts to expand the market while synchronously managing risks, reasonably control inventory levels, and under the guidance of the company's board of directors and management, continue to consolidate the core business, striving to achieve performance indicators effectively.