On October 19, Putailai announced that in the first three quarters it achieved operating revenue of Yuan 15.858 billion, up 46.43% year-on-year. Its net profit attributable to shareholders of the listed company was Yuan 2.276 billion, up 33.87% YoY. In Q3, operating revenue was Yuan 5.744 billion, up 53.48% YoY. And net profit attributable to shareholders of the listed company was Yuan 824 million, up 27.79% YoY.
The growth in performance was mainly due to the rapid growth of the global power and energy-storage battery markets. With its comprehensive industrial chain layout and diversified product portfolio, the company actively responded to customer demand and achieved rapid growth in sales volume and operating revenue. At the same time, the company achieved effective control over costs and expenses through improved management efficiency, thereby achieving profit growth.
Note: The company's Q3 net profit was Yuan 824 million, and Q2 net profit was Yuan 748 million. Based on this calculation, Q3 net profit increased by 10% quarter-on-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
