Hongho Technology: Q3 Net Profit Attributable to Shareholders Rises 607.73% YoY to RMB 364 Million

36Kr learned from a Hongho Technology announcement that the company posted third-quarter revenue of RMB 1.27 billion (the source reads ".27亿元", likely a typo for a figure beginning with 1 or 2; verify before publishing), up 206.82% year on year, and net profit attributable to shareholders of RMB 364 million, up 607.73% year on year. For the first three quarters, revenue reached RMB 1.975 billion, up 131.65% year on year, and net profit attributable to shareholders reached RMB 743 million, up 435.63% year on year. The company attributed the changes mainly to higher selling prices for electronic fabric, a larger share of sales from specialty electronic fabric, which increased operating revenue and profit, and an increase in cash received from sales of goods.