[Yunnan Germanium Industry: Net profit in the first three quarters increased by 869.79% year-on-year] On October 20, Yunnan Germanium Industry (002428.SZ) announced that its operating income in the third quarter was 632 million yuan, a year-on-year increase of 134.61%; the net profit attributable to shareholders of listed companies was 102 million yuan, a year-on-year increase of 2642.24%. Operating income in the first three quarters was 1.364 billion yuan, a year-on-year increase of 70.71%; net profit attributable to shareholders of listed companies was 176 million yuan, a year-on-year increase of 869.79%. The growth in performance is mainly due to the substantial increase in market demand for downstream AI data centers, optical communications and other markets in this period, which has led to a year-on-year increase in sales of compound semiconductor materials such as indium phosphide; in this period, the outstanding contracts signed in the previous period were delivered as agreed in the contract, resulting in a year-on-year increase in sales of material-grade germanium products; in this period, the company increased its market development efforts for infrared lenses, and received more orders for lens products than the same period last year, resulting in a year-on-year increase in sales of infrared-grade germanium products. At the same time, affected by market supply and demand and market price fluctuations, the average sales price of indium phosphide products increased, causing the average price of compound semiconductor materials to increase year-on-year; the increase in raw material prices caused the average price of infrared-grade germanium products and optical fiber-grade germanium products to increase year-on-year. Xiaocai Note: The company’s Q3 net profit was 102 million and Q2 net profit was 65 million. Based on this calculation, Q3 net profit increased by 56% month-on-month.