[Huayou Cobalt: Net profit increased by 2.23% year-on-year in the first three quarters] On October 23, Huayou Cobalt (603799.SH) announced that its operating income in the third quarter was 25.208 billion yuan, a year-on-year increase of 15.93%; the net profit attributable to shareholders of listed companies was 803 million yuan, a year-on-year decrease of 46.68%. Operating income in the first three quarters was 80.776 billion yuan, a year-on-year increase of 37.05%; net profit attributable to shareholders of listed companies was 4.310 billion yuan, a year-on-year increase of 2.23%. The growth in revenue in the first three quarters was mainly due to the increase in sales of new energy material products; the decrease in total profits in the third quarter was mainly due to fluctuations in metal prices and increases in the prices of bulk auxiliary materials such as sulfur. Xiaocai Note: The company’s Q3 net profit was 803 million and Q2 net profit was 1.01 billion. Based on this calculation, Q3 net profit dropped 20% month-on-month.