[Zijin Mining: Net profit in the first three quarters increased by 51.93% year-on-year] On October 23, Zijin Mining (601899.SH) announced that in the third quarter, it achieved operating income of 89.274 billion yuan, a year-on-year increase of 3.22%; net profit attributable to shareholders of listed companies was 18.356 billion yuan, a year-on-year increase of 25.97%. In the first three quarters, operating income was 283.453 billion yuan, a year-on-year increase of 11.51%; net profit attributable to shareholders of listed companies was 57.526 billion yuan, a year-on-year increase of 51.93%. The performance growth is mainly due to: first, the in-depth implementation of the general work policy of "improving quality, increasing production, controlling costs, and increasing efficiency", coordinating and strengthening production organization and operation management, and steadily releasing the output of key minerals; second, the growth rate of cash costs per ton of ore has been effectively controlled; third, benefiting from the sharp increase in the prices of main metals and by-products, the gross profit margin of mineral products has increased significantly year-on-year, fully enjoying the dividends of price increases. Xiaocai Note: The company’s Q3 net profit was 18.356 billion and Q2 net profit was 19.09 billion. Based on this calculation, Q3 net profit dropped 3% from the previous quarter.