[Defu Technology: Net profit in the third quarter increased by 631% year-on-year and 75% month-on-month, and the gross profit margin of copper foil products increased] On October 26, Telford Technology (301511.SZ) announced that it achieved operating income of 14.583 billion yuan in the first three quarters, a year-on-year increase of 71.56%; net profit attributable to shareholders of listed companies was 467 million yuan, a year-on-year increase of 601.75%. Operating income in the third quarter was 5.387 billion yuan, a year-on-year increase of 68.29%; net profit attributable to shareholders of listed companies was 204 million yuan, a year-on-year increase of 631.02%. The company continues to promote product iterative upgrades, and the proportion of shipments of high value-added products has increased significantly. The optimization of product structure has driven the company's average processing fee to increase, thereby improving the company's overall profitability. At the same time, the company's capacity utilization rate has increased year-on-year, and unit production costs have dropped significantly, resulting in an increase in the gross profit margin of the company's copper foil products and a corresponding increase in profits. Xiaocai Note: The company’s Q3 net profit was 204 million, and Q2 net profit was 116 million. Based on this calculation, Q3 net profit increased by 75% month-on-month.