Zhitong Financial App News, Hangzhou Electric Power Co., Ltd. (603618.SH) disclosed that the company's revenue in the first three quarters was 5.586 billion yuan, down 10.88% from the same period last year; the net profit from its parent was 121 million yuan, up 14.6% from the same period last year; deducting 113 million yuan from non-net profit, an increase of 23.18% over the same period last year; and basic earnings per share was 0.17 yuan.
The performance growth is mainly due to the increase in net profit in the current period, which is mainly due to the decrease in the rate of sales expenses and the decrease in financing discount expenses of bills and letters of credit compared with the same period last year.