Revenue: 385.87 million CNY in QQ3 2024, YoY +16.8%, QoQ +8.85%. Gross profit: 108.85 million CNY, gross margin 28.21%; YoY gross profit change +1.73%, QoQ -6.29%. Operating income: 73.77 million CNY, operating margin 19.12%; YoY +4.25%, QoQ +2.81%. Net income: 54.33 million CNY, net margin 14.08%; YoY +3.02%, QoQ -8.03%. EPS: 0.0667 CNY; diluted EPS: 0.0667 CNY. EBITDA: 80.36 million CNY with EBITDAR margin approx. 20.83%. Tax rate (effective): ~14.7%. Balance sheet highlights include cash and cash equivalents of 1.058 billion CNY, total assets 2.084 billion CNY, total liabilities 0.756 billion CNY, and total stockholders’ equity 1.246 billion CNY. Net debt stands at -980.37 million CNY, indicating a robust net cash position. Liquidity ratios show current ratio 2.29, cash ratio 1.488. Efficiency metrics include days sales outstanding (DSO) 104.7 days, days payable outstanding 69.3 days, and a cash conversion cycle of 35.6 days. Valuation benchmarks (peer group) indicate P/E ≈ 6.32x, P/S ≈ 3.56x, P/B ≈ 1.10x, with dividend yield reported at ~4.81%.