Xiaosong Group's Q3 2024 Financial Report: Net Profit Loss Of 43.33 Million Yuan, A Decrease Of 2288% Compared To The Previous Period

Xiaosong Group's Q3 2024 financial report: Net profit loss of 43.33 million yuan, a decrease of 2288% compared to the previous period

According to the third quarter financial report of Xiaosong Group in 2024, the company achieved a revenue of 392 million yuan, a year-on-year increase of 9.49%; The net profit loss attributable to shareholders of the listed company was 43.33 million yuan, a year-on-year decrease of 128.53%.

On October 31st, Guangdong Xiaosong Technology Co., Ltd. (stock code: 002723, hereinafter referred to as "Xiaosong Co., Ltd.") released its financial report for the third quarter of 2024. According to financial report data, the company achieved a revenue of 392 million yuan in the third quarter, a year-on-year increase of 9.49% and a month on month decrease of 7.18%; The net profit loss attributable to shareholders of the listed company was 43.33 million yuan, a year-on-year decrease of 128.53% and a month on month decrease of 2288.38%.

For the first three quarters of 2024, the company achieved a revenue of 1.186 billion yuan, a year-on-year decrease of 3.54%; The net profit loss attributable to shareholders of the listed company was approximately 39.38 million yuan, a year-on-year decrease of 450.26%.

Xiaosong Corporation Q3 2024 Financial Report | Source: Xiaosong Corporation

The main reason for the decrease in net profit attributable to shareholders of the listed company during the reporting period is mentioned in the report: due to fluctuations in the US dollar exchange rate and the impact of price reductions and promotions for traditional household appliances and electronic cigarettes, the gross profit of the products has decreased.