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Gree Electric's Q3 revenue fell 15% year-on-year, net profit declined more than 6% year-on-year, effective cost reduction boosted gross profit margin | Financial Report Insights

Gree Electric's Q3 revenue fell 15% year-on-year, net profit declined more than 6% year-on-year, effective cost reduction boosted gross profit margin | Financial Report Insights

``` Gree Electric Appliances delivered a mixed third-quarter report, with both Q3 single-quarter revenue and profit declining year-on-year—revenue fell 15%, and net profit was down nearly 10% year-on-year. Despite sluggish performance growth, the company achieved an increase in gross margin through cost reduction. Notably, thanks to increased sales collections and
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