[Xinfengming: Net profit in the first three quarters increased by 200.65% year-on-year] On October 28, Xinfengming (603225.SH) announced that its third-quarter revenue was 24.236 billion yuan, a year-on-year increase of 34.26%; net profit was 1.173 billion yuan, a year-on-year increase of 630.62%. Revenue in the first three quarters was 64.927 billion yuan, a year-on-year increase of 25.97%; net profit was 2.612 billion yuan, a year-on-year increase of 200.65%. The changes in performance were mainly due to the increase in raw material prices during the current period, the increase in the sales price of the company's products, the increase in PTA production capacity, and the increase in external sales. At the same time, the industry's new supply slowed down in an orderly manner, the prosperity rebounded, the market supply and demand relationship was optimized, product price differences further expanded, the gross profit margin increased year-on-year, and the profitability of the main business improved. Xiaocai Note: The company’s Q3 net profit was 1.173 billion and Q2 net profit was 1.071 billion. Based on this calculation, Q3 net profit increased by 9% month-on-month.