[Yongxing Materials: Net profit increased by 220.65% year-on-year in the third quarter] On October 22, Yongxing Materials (002756.SZ) announced that its operating income in the third quarter was 2.62 billion yuan, a year-on-year increase of 41.36%; net profit was 419 million yuan, a year-on-year increase of 220.65%. Operating income in the first three quarters was 7.703 billion yuan, a year-on-year increase of 38.87%; net profit was 1.378 billion yuan, a year-on-year increase of 159.26%. The performance growth was mainly due to the increase in the price of lithium carbonate during the reporting period. Xiaocai Note: The company’s Q3 net profit was 419 million, and Q2 net profit was 470 million. Based on this calculation, Q3 net profit dropped 10% from the previous quarter.