Shenzhen Yinghe Technology (stock code: 300457) recently released its third quarter financial report. The data shows that Yinghe's quarterly revenue was approximately $2.87 billion, down 23.91% year-on-year and down approximately 20% sequentially. Net profit attributable to shareholders was $221.2 million, down 25.89% year-on-year and 12.22% sequentially.
For the first three quarters of 2024, Yinghe reported total revenue of approximately US$9.07 billion, a decrease of 13.59% year on year, and net profit attributable to shareholders of US$694.4 million, a decrease of 2.93% year on year.
A comparison of Yinghe Technology's quarterly results in 2024 shows that net profit attributable to shareholders remained stable at $221.2 million in both Q1 and Q3. However, revenue increased slightly from $2.61 billion in Q1 to $2.87 billion in Q3.
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