On the evening of October 27, Kingdomway (002626) released its third-quarter performance report, showing revenue of approximately RMB 2.343 billion (about USD 321 million) for the first three quarters of 2024, an increase of 0.95% year-on-year. Net profit was around RMB 221 million (about USD 30.3 million), down 9.35% year-on-year. In the third quarter alone, revenue reached RMB 819 million (about USD 112 million), a 6.55% year-on-year increase, while net profit was RMB 91 million (about USD 12.5 million), up 52.43% year-on-year. The company’s health brand, Doctor’s Best, primarily focuses on products like Coenzyme Q10 and various vitamins. (Source: Synbio New Agri-Food)
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