[Yongtai Technology: Net profit in the first three quarters increased by 1221.81% year-on-year, and lithium battery sales increased significantly] On October 16, Yongtai Technology (002326.SZ) announced that its operating income in the third quarter was 2.328 billion yuan, a year-on-year increase of 64.07%; net profit was 156 million yuan, a year-on-year increase of 696.08%. Operating income in the first three quarters was 6.074 billion yuan, a year-on-year increase of 50.79%; net profit was 430 million yuan, a year-on-year increase of 1221.81%. The change in performance was due to the substantial growth in lithium battery sales during the reporting period. Xiaocai Note: The company’s Q3 net profit was 156 million and Q2 net profit was 169 million. Based on this calculation, Q3 net profit dropped 7% from the previous quarter.