[Baiwei Storage: Net profit in the third quarter increased by 525.34% year-on-year and Q3 net profit fell by 62% from the same period last year] On October 28, Baiwei Storage (688525.SH) announced that its operating income in the third quarter was 6.142 billion yuan, a year-on-year increase of 130.67%; the net profit attributable to shareholders of listed companies was 1.602 billion yuan, a year-on-year increase of 525.34%. Operating income in the first three quarters was 21.717 billion yuan, a year-on-year increase of 230.30%; net profit attributable to shareholders of listed companies was 8.768 billion yuan, a year-on-year increase of 28728.12%. The performance growth is mainly due to the explosion of AI computing power and the storage industry entering a high boom cycle. The company's product and customer structure continue to be optimized. At the same time, the company continues to increase investment in chip design, solutions, advanced packaging and testing equipment and other fields to enhance market competitiveness. The company recognized asset impairment losses and credit impairment losses totaling 128 million yuan in the first three quarters of 2026. Among them, the credit impairment loss was 31.4541 million yuan, including the bad debt loss of accounts receivable of 20.2515 million yuan and the bad debt loss of other receivables of 11.2026 million yuan; the asset impairment loss was 96.7911 million yuan, which was the loss of inventory depreciation. The impact of this provision on the company's total profit in the consolidated statements is 128 million yuan, and the data has not been audited by accountants. Xiaocai Note: The company’s Q3 net profit was 1.602 billion and Q2 net profit was 4.267 billion. Based on this calculation, Q3 net profit dropped 62% month-on-month.