[Daikin Heavy Industries: Net profit in the first three quarters fell 19.97% year-on-year] On October 26, Daikin Heavy Industries (002487.SZ) announced that operating income in the third quarter was 1.111 billion yuan, a year-on-year decrease of 36.68%; net profit was 110 million yuan, a year-on-year decrease of 67.85%. Operating income in the first three quarters was 4.363 billion yuan, a year-on-year decrease of 5.05%; net profit was 710 million yuan, a year-on-year decrease of 19.97%. The performance changes are mainly due to the phased decline in quarterly delivery volume and differences in order structure. At the same time, exchange rate fluctuations also have a certain impact on net profit. If the impact of exchange rate is excluded, the company will achieve a net profit of approximately 860 million yuan in the first three quarters of 2026, a year-on-year increase of approximately 6%. Xiaocai Note: The company’s Q3 net profit was 110 million, and Q2 net profit was 166 million. Based on this calculation, Q3 net profit dropped 33% from the previous quarter.