A · Important
[Baoding Technology: Net profit in the third quarter increased by 641% year-on-year and 216% month-on-month] On October 27, Baoding Technology (002552.SZ) announced that its third-quarter revenue was 1.696 billion yuan, a year-on-year increase of 118.12%; net profit was 221 million yuan, a year-on-year increase of 640.70%. Revenue in the first three quarters was 3.853 billion yuan, a year-on-year increase of 77.40%; net profit was 357 million yuan, a year-on-year increase of 588.92%. The performance growth was mainly due to the continued increase in sales volume and sales price of Jinbao Electronics products, which led to an increase in operating income and gross profit margin; the increase in sales prices of finished gold products from Hexi Gold Mine, resulting in an increase in operating income and gross profit margin. Xiaocai Note: The company’s Q3 net profit was 221 million, and Q2 net profit was 70 million. Based on this calculation, Q3 net profit increased by 216% month-on-month.
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