Akli's third-quarter operating revenue was 168 million yuan, down 24.87 percent year on year

Wuxi Acoli, a domestic supplier of polyether amines, announced its third quarter 2022 financial results. In the third quarter, Akeli achieved operating income of 168 million yuan, decreasing 24.87% year on year, net profit attributable to the mother realized 29.64 million yuan, increasing 67.92% year on year, withholding non-net profit attributable to the mother 28.66 million yuan, increasing 68.76% year on year. From January to September this year, the first three quarters of Akli accumulated operating income of 577 million yuan, a year-on-year decrease of 9.73%, net profit to the mother of 104 million yuan, a year-on-year increase of 52.05%, deduction of non-maternal net profit of 102 million yuan, a year-on-year increase of 53.19%. In the other quarter to the third quarter, Arklee's cash flow from operating activities was 139 million yuan, an increase of 17.31% compared to the same period last year.

As for the decline in revenue, Acoli attributed the main reason to a slight decline in product sales due to the lack of road transportation during the pandemic. The increase of net profit is mainly due to the decrease of raw material prices and the increase of profit margin.