[Hengxuan Technology: Net profit in the first three quarters fell 57.03% year-on-year] On October 22, Hengxuan Technology (688608.SH) announced that it achieved operating income of 2.147 billion yuan in the first three quarters, a year-on-year decrease of 26.81%; the net profit attributable to shareholders of listed companies was 216 million yuan, a year-on-year decrease of 57.03%. In the third quarter, operating income was 796 million yuan, a year-on-year decrease of 20.03%; net profit attributable to shareholders of listed companies was 44.4294 million yuan, a year-on-year decrease of 77.42%. The change in performance was mainly due to factors such as weak demand in the consumer electronics market and rising prices of upstream memory chips in the first three quarters. The overall demand declined compared with the same period last year. The company's revenue scale declined, while expense investment was relatively rigid, and operating leverage amplified profit fluctuations. Xiaocai Note: The company’s Q3 net profit was 44 million and Q2 net profit was 82 million. Based on this calculation, Q3 net profit dropped 45% from the previous quarter.