[Fu Lai New Materials: Net profit in the first three quarters fell by 13.17% year-on-year. Q3 net profit fell by 87% from the same period last year] On October 28, Fuli New Materials (605488.SH) announced that its operating income in the third quarter was 921 million yuan, a year-on-year increase of 20.82%; the net profit attributable to shareholders of listed companies was 4.1162 million yuan, a year-on-year decrease of 69.88%. Operating income in the first three quarters was 2.636 billion yuan, a year-on-year increase of 25.71%; net profit attributable to shareholders of listed companies was 56.0895 million yuan, a year-on-year decrease of 13.17%. The changes in performance were mainly due to the increase in expenses and the decrease in gross profit margin during the period. Xiaocai Note: The company’s Q3 net profit was 40 million, and Q2 net profit was 33 million. Based on this calculation, Q3 net profit dropped 87% month-on-month.