Jingchen Co., Ltd. (688099.SH) expects net profit of about 594 million yuan for the first three quarters to increase by about 89.32% year-on-year

According to Zhitong Finance App News, Jingchen Co., Ltd. (688099.SH) issued an announcement. According to preliminary estimates by the finance department, it is expected to achieve operating income of about 4.64 billion yuan in the first three quarters of 2024. Compared with the same period last year, it will increase by about 782.39 million yuan, an increase of about 20.28% over the previous year. Net profit attributable to owners of the parent company is expected to be around 594 million yuan in the first three quarters of 2024. Compared with the same period last year, it will increase by about RMB 28.2524 million, an increase of about 89.32% over the previous year. It is estimated that in the first three quarters of 2024, net profit attributable to the owners of the parent company will be about 550 million yuan after deducting non-recurring profit and loss. Compared with the same period last year, it will increase by about 283.349 million yuan, an increase of about 106.26% over the previous year.

During the reporting period, the market in which the company is located gradually recovered. The company adopted an active sales strategy externally, continuously improved operating efficiency internally, and maintained a high rate of growth in sales revenue and net profit. Following a record quarterly high for the second quarter of 2024, revenue for the third quarter of 2024 also reached a record high for the same period.