Summary by Moomoo AI
Geely Automobile Holdings Limited (Geely Automobile) announced the third-quarter performance for the nine months ended September 30, 2024. The financial report shows that the company achieved significant growth in both revenue and profit during this period. Revenue increased from 1,232.89 million RMB in the same period last year to 1,676.84 million RMB, a 36% growth. Meanwhile, the company's pre-tax profit increased significantly from 31.31 million RMB to 137.68 million RMB, and net profit for the period also rose from 25.5 million RMB to 129.34 million RMB. This strong financial performance reflects Geely Automobile's competitiveness and growth potential in the market. The unaudited condensed consolidated statement of financial position as of September 30, 2024, shows that the company's net current assets value is 76.72 million RMB, and total assets less current liabilities amount to 1,109.67 million RMB. Geely Automobile's shareholder equity increased from 805.09 million RMB in the previous year to 920.84 million RMB, a growth of 14%.
