[China Rare Earth: Net profit in the first three quarters increased by 112.37% year-on-year] On October 26, China Rare Earth (000831.SZ) announced that its operating income in the third quarter was 1.011 billion yuan, a year-on-year increase of 63.19%; the net profit attributable to shareholders of listed companies was 171 million yuan, a year-on-year increase of 461.73%. Operating income in the first three quarters was 2.657 billion yuan, a year-on-year increase of 6.52%; net profit attributable to shareholders of listed companies was 408 million yuan, a year-on-year increase of 112.37%. The change in performance was mainly due to the increase in prices of some rare earth products during the reporting period. The company adjusted its procurement and sales strategy, optimized its product structure and trading business layout, and increased market development and sales efforts for difficult-to-sell and unsalable products. Operating income increased compared with the same period last year. Xiaocai Note: The company’s Q3 net profit was 171 million and Q2 net profit was 98 million. Based on this calculation, Q3 net profit increased by 73% month-on-month.