[Northern Rare Earth: Net profit in the first three quarters increased by 136.55% year-on-year] On October 23, Northern Rare Earth (600111.SH) announced that its revenue in the third quarter was 15.534 billion yuan, a year-on-year increase of 35.96%; net profit was 1.593 billion yuan, a year-on-year increase of 161.13%. Revenue in the first three quarters was 41.333 billion yuan, a year-on-year increase of 36.45%; net profit was 3.646 billion yuan, a year-on-year increase of 136.55%. The performance growth was mainly due to the overall good performance of the rare earth market during the reporting period. The prices of mainstream products generally showed a strong trend and fluctuated. The sales prices of the company's main products increased year-on-year, sales increased year-on-year, and gross profits increased year-on-year. Xiaocai Note: The company’s Q3 net profit was 1.593 billion and Q2 net profit was 1.135 billion. Based on this calculation, Q3 net profit increased by 40% month-on-month.