[Leon Micro: Net profit increased by 373% year-on-year in the third quarter] On October 23, Leon Micro (605358.SH) announced that it achieved operating income of 3.32 billion yuan in the first three quarters, a year-on-year increase of 25.79%; the net profit attributable to shareholders of the listed company was 174 million yuan, compared with a loss of 108 million yuan in the same period last year, turning losses into profits year-on-year. Operating income in the third quarter was 1.226 billion yuan, a year-on-year increase of 25.90%; net profit attributable to shareholders of listed companies was 90.1818 million yuan, a year-on-year increase of 373.03%. The change in performance was mainly due to the improvement in profitability of the semiconductor silicon wafer segment. Driven by downstream application fields such as artificial intelligence, new energy, and intelligent driving, the company has sufficient orders for semiconductor silicon wafers. At the same time, as the product structure continues to iteratively upgrade to high-end, the scale of production and sales has steadily expanded, especially the increase in the production and sales of 12-inch silicon wafers. The unit cost of silicon wafers has simultaneously declined. Superimposed on the increase in product sales unit price, the comprehensive gross profit margin of the semiconductor silicon wafer business has increased significantly year-on-year. Xiaocai Note: The company’s Q3 net profit was 90 million, and Q2 net profit was 77 million. Based on this calculation, Q3 net profit increased by 17% month-on-month.