[Xiamen Tungsten Industry: Net profit in the first three quarters increased by 81.86% year-on-year] On October 26, Xiamen Tungsten Industry (600549.SH) announced that its operating income in the third quarter was 18.924 billion yuan, a year-on-year increase of 47.06%; the net profit attributable to shareholders of listed companies was 1.026 billion yuan, a year-on-year increase of 27.44%. In the first three quarters, operating income was 53.939 billion yuan, a year-on-year increase of 67.83%; net profit attributable to shareholders of listed companies was 3.226 billion yuan, a year-on-year increase of 81.86%. The performance growth is mainly due to the year-on-year increase in the prices of the main raw materials of the company's tungsten and molybdenum, rare earth, and new energy materials businesses in this period. The sales prices of related products have also increased together. The sales of key products such as cutting tools, power battery cathode materials, and magnetic materials have grown steadily. The sales revenue and profits of various major products have achieved significant year-on-year growth. Xiaocai Note: The company’s Q3 net profit was 1.026 billion and Q2 net profit was 1.094 billion. Based on this calculation, Q3 net profit dropped 6% from the previous quarter.