Yingtong Communications' third quarter performance plummeted, with net profit down 55.59% year-on-year

On October 22, Yingtong Communications released its third quarter performance report. Data showed that Yingtong Communications achieved revenue of 361 million yuan in the reporting period, a year-on-year increase of 17.53%, and revenue of 893 million yuan in the first three quarters, a year-on-year increase of 8.73%.

In addition, the company's net profit attributable to shareholders of listed companies during the reporting period was RMB 11.262 million, a year-on-year decrease of 55.59%. The net profit attributable to shareholders of listed companies in the first three quarters was RMB 33.7033 million, a year-on-year decrease of 29.02%.

Yingtong Communications stated that the company's net profit attributable to shareholders of the parent company in the first three quarters also included the share-based payment amount of 5.4596 million yuan for restricted shares and stock options granted under equity incentives during the reporting period to be amortized; excluding this impact, the net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period was RMB 39.1629 million.

In fact, the company's performance in the first half of this year still maintained a slight growth trend. In the semi-annual report disclosed by Yingtong Communications, it was mentioned that the company achieved operating income of 533 million yuan in the first half of the year, a year-on-year increase of 3.49%, and the net profit attributable to shareholders of the listed company was 22.4413 million yuan, a year-on-year increase of 1.44%. According to it, the company's performance growth in the first half of the year was mainly due to the substantial increase in TWS sales.