[CITIC Special Steel: Net profit in the first three quarters fell 3.94% year-on-year] On October 22, CITIC Special Steel (000708.SZ) announced that its operating income in the third quarter was 27.034 billion yuan, a year-on-year increase of 2.05%; the net profit attributable to shareholders of the listed company was 1.170 billion yuan, a year-on-year decrease of 23.64%. Operating income in the first three quarters was 80.706 billion yuan, a year-on-year decrease of 0.62%; net profit attributable to shareholders of listed companies was 4.160 billion yuan, a year-on-year decrease of 3.94%. Xiaocai Note: The company’s Q3 net profit was 1.17 billion and Q2 net profit was 1.478 billion. Based on this calculation, Q3 net profit dropped 20% from the previous quarter.