Changan Renheng (08139) announced the third quarter results for the nine months ended September 30, 2023. The group obtained revenue of 120 million yuan (RMB, same below) during the period, an increase of 9.21% over the previous year; profit attributable to shareholders of 6.2443 million yuan; loss attributable to shareholders for the same period last year was 362,700 yuan, turning a profit over the previous year; and basic profit per share was 0.16 yuan.
According to the announcement, the increase in earnings was mainly due to increased sales of organobentonite and inorganic gels during the reporting period.