Ideal Auto: Q3 Adjusted Net Profit Attributable to Shareholders CNY3.84 Billion, Up 11% YOY

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Ideal Auto: Q3 Adjusted Net Profit Attributable to Shareholders CNY3.84 Billion, Up 11% YOY

Oct 31st ,2024

    Ideal Auto reported third-quarter revenue of CNY42.9 billion, up 24% year-over-year; adjusted net profit attributable to shareholders of CNY3.84 billion, up 11% year-over-year; deliveries of 152,831 units, up 45% year-over-year; and adjusted earnings per ADS of CNY3.63, compared to CNY3.29 in the same period of the previous year.Gross profit margin for the third quarter of 2024 was 21.5%, compared to 22.0% in the third quarter of 2023 and 19.5% in the second quarter of 2024.

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