The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved.Third quarter 2021 results:
- Revenue: CN¥683.8b (up 38% from 3Q 2020).
- Net income: CN¥22.1b (down 45% from 3Q 2020).
- Profit margin: 3.2% (down from 8.1% in 3Q 2020).
Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.