[Quectel Communications: Net profit in the first three quarters increased by 65.21% year-on-year] On October 19, Quectel Communications (603236.SH) announced that its third-quarter revenue was 8.539 billion yuan, a year-on-year increase of 34.89%; net profit was 609 million yuan, a year-on-year increase of 132.34%. Revenue in the first three quarters was 23.799 billion yuan, a year-on-year increase of 33.13%; net profit was 1.212 billion yuan, a year-on-year increase of 65.21%. The performance growth is mainly due to the company's continuous promotion of product innovation and business expansion, continuous enrichment of the product matrix, and improvement of the global service system. Businesses such as computing power modules, vehicles, and solutions have maintained a good growth trend. At the same time, the company continues to promote product structure optimization, and the sales proportion of high value-added products has increased, driving the overall gross profit margin of products to increase year-on-year, further enhancing profitability. Xiaocai Note: The company’s Q3 net profit was 609 million, and Q2 net profit was 461 million. Based on this calculation, Q3 net profit increased by 32% month-on-month.