Sanyang’s net profit in the first three quarters decreased by 7.69% annually, earning 4.37 yuan per share.

Sanyang (2206), a major motorcycle manufacturer, announced today that its third-quarter consolidated revenue was 15.204 billion yuan, a decrease of 3.08% from the same period last year; gross profit margin was 20.22%; consolidated operating net profit was 1.121 billion yuan, a year-on-year decrease of 20.52%; after-tax net profit was 925 million yuan, a year-on-year decrease of 23.29%, and earnings per share was 1.21 yuan.

The cumulative consolidated revenue for the first three quarters was 45.768 billion yuan, an annual decrease of 4.62%; the gross profit margin was 20.71%; the consolidated operating net profit was 3.783 billion yuan, an annual decrease of 19.95%; the after-tax net profit was 3.343 billion yuan, an annual decrease of 7.69%, and the earnings per share was 4.37 yuan.

Sanyang's SYM brand continues to be the leader in the domestic motorcycle market. From January to September this year, a total of 251,110 SYM motorcycles were registered, an annual increase of 7.0%, with a market share of 44.5%, continuing to maintain its market leadership.

In the four-wheel business, HYUNDAI, the general agent of its subsidiary Nanyang Industrial, has registered a total of 11,859 vehicles from January to September. Facing competition in the domestic automobile market and changes in consumer demand, Nanyang Industrial continues to optimize its product portfolio and strengthen the brand's market competitiveness through a diversified layout of passenger cars, SUVs and commercial vehicles.

A total of 3,187 commercial pickup trucks PORTER were listed in the first three quarters, an increase of 4.2% over the same period last year. With the addition of the 2.0T power model, the domestically produced MPV model CUSTIN provides consumers with more diverse power choices. A total of 2,292 units were listed in the first three quarters, an increase of 8.8% over the same period last year.

In addition, HYUNDAI continues to expand its new energy product lineup, launching the STARIA petrol-electric commercial vehicle and the KONA Hybrid petrol-electric SUV in October. The product layout further covers diverse use needs such as business transportation and urban leisure travel, and continues to enhance the brand's competitiveness in the Taiwan market.

Looking forward to the fourth quarter, Sanyang will continue to focus on the core businesses of motorcycles and automobiles, strengthen market competitiveness through product portfolio optimization, technology research and development, and operational efficiency improvements, and prudently respond to changes in the global economic and industrial environment to lay a solid foundation for the company's long-term operations.