[Huaqin Technology: Net profit in the third quarter was 1.324 billion yuan, a year-on-year increase of 9.43%] On October 27, Huaqin Technology (603296.SH) announced that its third-quarter revenue was 72.295 billion yuan, a year-on-year increase of 60.86%; net profit was 1.324 billion yuan, a year-on-year increase of 9.43%. Revenue in the first three quarters was 166.014 billion yuan, a year-on-year increase of 28.81%; net profit was 4.323 billion yuan, a year-on-year increase of 39.53%. The change in performance is mainly due to the continuous increase in the company's business scale. Among them, the data business revenue for the current period was 22.456 billion yuan, a year-on-year increase of 228%, and the super node product achieved revenue of 6.191 billion yuan. In addition, the increase in operating income scale and the contribution from upstream and downstream investments in the industry chain jointly led to an increase in total profit and net profit. Xiaocai Note: The company’s Q3 net profit was 1.324 billion and Q2 net profit was 1.939 billion. Based on this calculation, Q3 net profit dropped 31% month-on-month.