Qingdao Double Star’s third-quarter report for 2023, released on October 31, revealed that the company experienced a loss of 111 million yuan from July to September, when non-recurring gains and losses were excluded. Notably, they received a government subsidy of approximately 62 million yuan during this quarter.
Over the course of the first three quarters, Qingdao Double Star reported a positive trend in its financial performance. The company achieved an operating income of 3.472 billion yuan, marking a substantial year-on-year increase of 14.37%. However, the net profit loss attributable to shareholders of listed companies amounted to 185 million yuan. When non-recurring gains and losses were factored out, the net profit loss increased to 268 million yuan. Despite these challenges, the company has displayed resilience and continues to strive for improved results.
