Three companies including Leyard and Shiyuan released their third quarter reports, and one company’s profit increased by 124.21%.

Leyard: Net profit in the first three quarters of 2024 is 181 million yuan

Leyard (300296) disclosed its third quarter report for 2024 on October 24.

In the first three quarters, the company achieved operating income of 5.465 billion yuan, a year-on-year decrease of 9.27%; net profit attributable to the parent company was 181 million yuan, a year-on-year decrease of 60.65%; non-net profit after deducting was 140 million yuan , a year-on-year decrease of 64.49%; the net cash flow generated from operating activities was 279 million yuan, a year-on-year decrease of 53.27%; during the reporting period, Leyard's basic earnings per share was 0.0717 yuan, and the weighted average return on net assets was 2.18%.

In the third quarter of 2024, revenue was 1.833 billion yuan, a year-on-year decrease of 8.56%; net profit was 53.21 million yuan, a year-on-year decrease of 56.61%.

Leyard's operating income in 2023 was 7.615 billion yuan, a year-on-year decrease of 6.61%; the net profit attributable to shareholders of listed companies was 286 million yuan, a year-on-year increase of 1.60%.

CVTE: Net profit in the first three quarters was 931 million yuan

On the evening of October 23, CVTE (002841) released its third quarter performance report for 2024. Facing the ever-changing market landscape, the company relies on continuous technological innovation and the promotion of globalization strategies. In the first three quarters, it achieved operating income of 17.152 billion yuan, a year-on-year increase of 11.50%, and net profit attributable to the parent company recorded 931 million yuan. In the third quarter, net profit attributable to the parent company was 436 million yuan. Overall, revenue growth is good, and development resilience is outstanding, in line with expectations.

Han’s Laser: Net profit in the first three quarters of 2024 is 1.426 billion yuan

Han’s Laser (002008) disclosed its third quarter report for 2024 on October 24. In the first three quarters, the company achieved operating income of 10.129 billion yuan, a year-on-year increase of 7.90%; net profit attributable to the parent company was 1.426 billion yuan, a year-on-year increase of 124.21%; non-net profit after deduction was 375 million yuan;The net cash flow generated from operating activities was 85.2558 million yuan, a year-on-year decrease of 58.72%; during the reporting period, Han's Laser's basic earnings per share was 1.36 yuan, and the weighted average return on net assets was 9.25%.

Summary:

Based on the recent financial report information, most companies have increased revenue without increasing profits, market competition has become increasingly fierce, and internal "involution" has caused companies to face performance pressure.