Anada made $2 billion in revenue in the third quarter

On October 22, Anada announced its third quarterly report for 2022. In the first three quarters, the company achieved revenue of 1.989 billion yuan, an increase of 36.93% year-on-year; The net profit returned to mother was 201 million yuan, up 56.06% year-on-year. In the third quarter, the company achieved revenue of 634 million yuan, an increase of 16.91% year-on-year; The net profit returned to mother was 73.3649 million yuan, an increase of 71.20% year-on-year. The increase in revenue was mainly caused by the increase in the price of the company's products and the increase in the sales volume of its subsidiaries' products during the period.

In the first three quarters of this year, Anada's operating cost was 1.574 billion yuan, up 30.8 percent year-on-year, lower than the 36.9 percent year-on-year growth in operating revenue, leading to a 3.7 percent increase in gross profit margin, the annual report showed. The period expense ratio was 4.8%, down 0.5 percentage points from last year. Operating cash flow surged 1583.3% to 233 million yuan.