[Tianyue Advanced: Net profit in the first three quarters increased by 2330.24% year-on-year] On October 20, Tianyue Advanced (688234.SH) announced that it achieved operating income of 1.559 billion yuan in the first three quarters, a year-on-year increase of 40.22%; net profit attributable to shareholders of listed companies was 27.2162 million yuan, a year-on-year increase of 2330.24%. In the third quarter, operating income was 646 million yuan, a year-on-year increase of 102.89%; net profit attributable to shareholders of listed companies was 85.8329 million yuan, turning a loss into a profit year-on-year. The change in performance is mainly due to the continuous increase in the penetration rate of the 800V high-voltage platform for new energy vehicles, which has driven the steady increase in the volume of automotive-grade conductive substrates; AI server high-voltage power supplies have become the core new demand, and the demand for superimposed optical storage and high-power overcharging has been released. Multiple downstream collaborations have driven the growth of substrate shipments, achieving a year-on-year increase in revenue; revenue growth has driven an increase in gross profit. At the same time, gross profit margins have continued to increase due to scale effects and product structure optimization, and net profit attributable to shareholders has increased significantly year-on-year. Xiaocai Note: The company’s Q3 net profit was 86 million and Q2 net profit was 20 million. Based on this calculation, Q3 net profit increased by 4434% month-on-month.