[Zhangyuan Tungsten Industry: Net profit in the first three quarters increased by 279.17% year-on-year] On October 26, Zhangyuan Tungsten Industry (002378.SZ) announced that it achieved operating income of 8.381 billion yuan in the first three quarters, a year-on-year increase of 116.09%; net profit attributable to shareholders of listed companies was 721 million yuan, a year-on-year increase of 279.17%. Operating income in the third quarter was 2.534 billion yuan, a year-on-year increase of 71.29%; net profit attributable to shareholders of listed companies was 33.2669 million yuan, a year-on-year decrease of 55.65%. The change in performance was mainly due to the sharp increase in the price of tungsten raw materials, which reportedly led to an increase in product sales prices. Xiaocai Note: The company’s Q3 net profit was 33 million, and Q2 net profit was 306 million. Based on this calculation, Q3 net profit dropped 89% from the previous quarter.