Chinese People Holdings (0681.HK) Q3 2024 Earnings Report

Chinese People Holdings delivered a modest top-line improvement in QQ3 2024, with revenue of 636.492 million CNY, up 3.68% year over year, but a material sequential decline of 53.26% from the prior quarter (Q2 2024). Gross profit was 67.727 million CNY, yielding a gross margin of 10.64%, while EBITDA stood at 19.7485 million and operating income was 7.644 million, translating to an operating margin of 1.20%. The quarter produced a net loss of 14.0385 million CNY, with negative pre-tax income (-3.1755 million) and an income tax expense of 0.7405 million, driven largely by a substantial negative contribution from other income/expenses (-10.8195 million). The result is a negative net income despite positive operating earnings, highlighting the impact of non-operating items on the quarter.