Zhejiang Longsheng (600352): Net Profit Of 1.725 Billion Yuan In The First Three Quarters

Zhejiang Longsheng (600352) recently released the third quarter report of 2022. In the first three quarters, the company realized a total revenue of 13.422 billion yuan, a year-on-year increase of 6.8%; The net profit attributable to the parent company was 1.725 billion yuan, a year-on-year decrease of 42.6%, which was larger than that of the same period last year.

The operating cost of the company in the first three quarters was 9.39 billion yuan, a year-on-year increase of 16%, higher than the growth rate of 6.8% of operating revenue, resulting in a decrease of 5.6% in gross profit rate; The period cost rate was 12.8%, which was not changed compared with last year; Operating cash flow decreased by 68.1% to 1.231 billion yuan.