[China Molybdenum: Net profit in the first three quarters increased by 68.21% year-on-year] On October 23, China Molybdenum (603993.SH) announced that its operating income in the third quarter was 71.971 billion yuan, a year-on-year increase of 41.92%; the net profit attributable to shareholders of listed companies was 7.867 billion yuan, a year-on-year increase of 40.28%. In the first three quarters, operating income was 207.290 billion yuan, a year-on-year increase of 42.48%; net profit attributable to shareholders of listed companies was 24.020 billion yuan, a year-on-year increase of 68.21%. The performance growth was mainly due to the year-on-year increase in volume and price of its main copper products, the higher prices of molybdenum and tungsten products, and the consolidation of the Brazilian gold mining business, which jointly drove the performance improvement. Xiaocai Note: The company’s Q3 net profit was 7.867 billion and Q2 net profit was 8.392 billion. Based on this calculation, Q3 net profit fell 6% month-on-month.