On the evening of October 30th, Pinko Co., Ltd. (688227) released the third quarter report for 2024. The revenue for the first three quarters was 0.198 billion yuan, a year-on-year increase of 0.87%; the net income was a loss of 46.67 million yuan. The data shows that the company's total expenses for the first three quarters amounted to 0.135 billion yuan, a slight decrease compared to the 0.142 billion yuan in the same period last year; the company's expense ratio also decreased from 72.48% in 2023 to 68.22% in 2024. Since the beginning of this year, the company has been implementing quality improvement and efficiency enhancement, strengthening refined management. At the same time, Pinko Co., Ltd. has actively managed accounts receivable this year. As of September 30th, the accounts receivable turnover rate was 0.37, a significant improvement in turnover speed compared to 0.50 in the same period last year.