Guangfeng Technology disclosed its three-quarter report on the evening of October 18. The company achieved operating income of 1.72 billion yuan in the first three quarters of 2024, an increase of 4.18%; net profit of 42.9466 million yuan, a year-on-year decrease of 66.59%; and basic earnings per share of 0.09 yuan. The decline in performance was mainly due to changes in revenue structure and decline in gross margin in the first three quarters. At the same time, due to legal service expenses arising from GDC arbitration matters and adjustments to GDC shares held in the accounting for other illiquid financial assets, investment losses were confirmed in the second quarter based on fair value measurements.

Guangfeng Technology disclosed its three-quarter report on the evening of October 18. The company achieved operating income of 1.72 billion yuan in the first three quarters of 2024, an increase of 4.18%; net profit of 42.9466 million yuan, a year-on-year decrease of 66.59%; and basic earnings per share of 0.09 yuan. The decline in performance was mainly due to changes in revenue structure and decline in gross margin in the first three quarters. At the same time, due to legal service expenses arising from GDC arbitration matters and adjustments to GDC shares held in the accounting for other illiquid financial assets, investment losses were confirmed in the second quarter based on fair value measurements.