[ZTE: Net profit in the third quarter increased by 394% year-on-year and dropped 9% month-on-month] On October 26, ZTE (000063.SZ) announced that it achieved operating income of 116.838 billion yuan in the first three quarters, a year-on-year increase of 16.23%; net profit attributable to shareholders of listed companies was 4.060 billion yuan, a year-on-year decrease of 23.71%. Operating income in the third quarter was 38.813 billion yuan, a year-on-year increase of 33.99%; net profit attributable to shareholders of listed companies was 1.307 billion yuan, a year-on-year increase of 394.46%. Xiaocai Note: The company’s Q3 net profit was 1.307 billion and Q2 net profit was 1.442 billion. Based on this calculation, Q3 net profit dropped 9% from the previous quarter.