[Jinhong Gas: Net profit is expected to drop 84.27%-86.84% year-on-year in the first three quarters] On October 16, Jinhong Gas (688106.SH) announced that the net profit attributable to the owners of the parent company in the first three quarters of 2026 is expected to be 15.2596 million yuan-18.2452 million yuan, a year-on-year decrease of 84.27%-86.84%. The change in performance was mainly due to the increase in depreciation expenses and the price increase of some raw materials due to the completion of the previous project investment, which was superimposed on the accrual of goodwill and intangible asset impairment losses of approximately 70 million yuan in the Hunan region, and the implementation of the restricted stock incentive plan to confirm share-based payment expenses exceeding 10 million yuan. Xiaocai's note: The company's Q3 net profit is expected to be a loss of 50 million - a loss of 53 million, and the Q2 net profit is 63 million. Based on this calculation, the Q3 net profit is expected to turn from profit to loss on a quarter-on-quarter basis.