[Hongqiao Holdings: Net profit in the first three quarters was 23.294 billion yuan, a year-on-year increase of 69.86%] On October 22, Hongqiao Holdings (002379.SZ) announced that its third-quarter revenue was 44.876 billion yuan, a year-on-year increase of 16.54%; net profit was 7.702 billion yuan, a year-on-year increase of 55.60%. Revenue in the first three quarters was 131.661 billion yuan, a year-on-year increase of 13.67%; net profit was 23.294 billion yuan, a year-on-year increase of 69.86%. The change in performance was mainly due to the increase in aluminum prices in the current period, which promoted the company's operating income and gross profit to increase, while financial expenses decreased year-on-year. Xiaocai Note: The company’s Q3 net profit was 7.649 billion and Q2 net profit was 8.887 billion. Based on this calculation, Q3 net profit dropped 13% month-on-month.