[Xiechuang Data: Net profit in the third quarter increased by 360% year-on-year, and computing power-related businesses grew significantly] On October 26, Xiechuang Data (300857.SZ) announced that its operating income in the third quarter was 7.087 billion yuan, a year-on-year increase of 109.27%; the net profit attributable to shareholders of listed companies was 1.224 billion yuan, a year-on-year increase of 360.33%. In the first three quarters, operating income was 19.610 billion yuan, a year-on-year increase of 135.39%; net profit attributable to shareholders of listed companies was 3.062 billion yuan, a year-on-year increase of 338.77%. The growth in performance was mainly due to the explosion in demand for AI computing power, which led to a substantial growth in computing power-related businesses, coupled with the upward trend in the storage industry and the increase in server remanufacturing business, which promoted revenue growth. At the same time, it benefited from the continued optimization of the product structure, the explosion in demand for computing power, the upward cycle of the storage industry, and the improvement of comprehensive gross profit margin. Xiaocai Note: The company’s Q3 net profit was 1.224 billion and Q2 net profit was 1.088 billion. Based on this calculation, Q3 net profit increased by 12% month-on-month.