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Ma Yinglong Report for the Third Quarter of 2024
Mayinglong Pharmaceutical Group (600993.SH): The net income in the first three quarters was 0.458 billion yuan, a year-on-year increase of 9.35%.
Gelonghui October 25th | Mayinglong Pharmaceutical Group (600993.SH) released the third quarter report of 2024, with the company's revenue for the first three quarters reaching 2.792 billion yuan, a year-on-year increase of 14.13%; net income attributable to shareholders of the listed company was 0.458 billion yuan, a year-on-year increase of 9.35%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.449 billion yuan, a year-on-year increase of 24.62%; basic earnings per share was 1.06 yuan.
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Founder Securities: Traditional Chinese medicine sector H1 performance is under short-term pressure. The performance of branded OTC companies is better than the industry as a whole.
Due to the impact of high base in the same period of 23Q2 and external factors such as centralized procurement and same-price policy, the performance of the traditional Chinese medicine sector in Q2 is under pressure compared to the same period last year, and it also declined compared to Q1.
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