[Shede Winery: Net profit in the first three quarters fell 58.76% year-on-year] On October 28, Shede Winery (600702.SH) announced that its third-quarter revenue was 809 million yuan, a year-on-year decrease of 19.18%; net profit was 49.5514 million yuan, a year-on-year increase of 72.44%. Revenue in the first three quarters was 3.096 billion yuan, a year-on-year decrease of 16.38%; net profit was 195 million yuan, a year-on-year decrease of 58.76%. Changes in total profit during the reporting period were mainly due to the company's continued optimization of product structure, strengthening cost and expense control, and the decline in operating costs and related expenses exceeding the decline in revenue; changes in total profit from the beginning of the year to the end of the reporting period were mainly due to the decrease in sales revenue. Xiaocai's note: The company's Q3 net profit was 50 million, and Q2 net profit was -86 million. Based on this calculation, Q3 net profit turned from a loss to a profit.