Jianmin Group (600976.SH) announced results for the first three quarters, with net profit of 322 million yuan, a year-on-year decrease of 22.53%

According to the Zhitong Finance App, Jianmin Group (600976.SH) disclosed its report for the third quarter of 2024. The company achieved revenue of 2,881 billion yuan in the first three quarters, down 7.58% year on year; net profit to mother was 322 million yuan, down 22.53% year on year; after deducting non-net profit of 271 million yuan, down 23.36% year on year; basic earnings per share were 2.1 yuan.

The main reasons for the decline in performance: the impact of non-recurring profit and loss revenue due to the transfer of shares in subsidiaries in the same period last year, and the increase in procurement costs due to the decline in sales and distribution in the pharmaceutical industry due to changes in the company's marketing assessment model and optimization of channel inventory in the current period.