Times Electric announces third quarter report for 2024, with both revenue and net profit increasing

Times Electric recently released its third quarter report for 2024, which showed that the company achieved revenue of 5.973 billion yuan in the quarter, a year-on-year increase of 8.10%; net profit attributable to the parent company was 994 million yuan, a year-on-year increase of 10.61%; net profit attributable to the parent company after deducting non-recurring items was 889 million yuan, a year-on-year increase of 18.27%. In addition, the company also revealed the latest progress in its power semiconductor, signal system, electric drive system and other businesses.