[Tianqi Lithium: Net profit in the first three quarters increased by 3013.86% year-on-year] On October 25, Tianqi Lithium (002466.SZ) announced that its operating income in the third quarter was 6.037 billion yuan, a year-on-year increase of 135.40%; net profit was 1.360 billion yuan, a year-on-year increase of 1323.97%. Operating income in the first three quarters was 18.279 billion yuan, a year-on-year increase of 147.11%; net profit was 5.602 billion yuan, a year-on-year increase of 3013.86%. The performance growth is mainly driven by multiple favorable factors such as the development of the new energy industry and the growth of downstream demand. The average sales price of the company's main lithium products has increased significantly compared with the same period last year, resulting in a significant increase in operating income and gross profit compared with the same period last year. At the same time, according to Bloomberg forecast data, SQM's performance is expected to increase significantly year-on-year, and the company's confirmed investment income in the associate company has increased compared with the same period last year. Xiaocai Note: The company’s Q3 net profit was 1.36 billion and Q2 net profit was 2.366 billion. Based on this calculation, Q3 net profit dropped 42% month-on-month.