[China Satellite: Net profit in the first three quarters increased by 473.40% year-on-year] On October 28, China Satellite (600118.SH) announced that its third-quarter revenue was 2.071 billion yuan, a year-on-year increase of 16.24%; net profit was 50.3634 million yuan, a year-on-year increase of 11.17%. Revenue in the first three quarters was 3.956 billion yuan, a year-on-year increase of 27.52%; net profit was 84.9291 million yuan, a year-on-year increase of 473.40%. The performance growth is mainly due to the company's full efforts to promote the scientific research and production tasks of key satellite models. The contract performance progress nodes that meet the acceptance conditions from the beginning of the satellite development business to the end of the reporting period have increased compared with the same period of the previous year, and revenue and profits have increased accordingly. At the same time, the company's satellite application business has maintained steady development. From the beginning of the reporting period to the end of the reporting period, operating income, total profits, and net profits attributable to shareholders of listed companies have all increased. Xiaocai Note: The company’s Q3 net profit was 50 million, and Q2 net profit was 77 million. Based on this calculation, Q3 net profit dropped 34% month-on-month.