[SAIC Group: Net profit in the third quarter fell 77% year-on-year and dropped 77% quarter-on-quarter due to changes in the fair value of financial assets and exchange losses from overseas operations] On October 29, SAIC Group (600104.SH) announced that operating income in the third quarter was 154.631 billion yuan, a year-on-year decrease of 7.34%; net profit attributable to shareholders of listed companies was 486 million yuan, a year-on-year decrease of 76.70%. Operating income in the first three quarters was 449.618 billion yuan, a year-on-year decrease of 2.52%; net profit attributable to shareholders of listed companies was 5.638 billion yuan, a year-on-year decrease of 30.40%. Total profits, net profits attributable to shareholders of listed companies, net profits attributable to shareholders of listed companies excluding non-recurring gains and losses, and basic earnings per share decreased year-on-year, mainly due to the impact of the capital market, changes in the fair value of financial assets and exchange losses from overseas operations. Xiaocai Note: The company’s Q3 net profit was 485 million and Q2 net profit was 2.126 billion. Based on this calculation, Q3 net profit dropped 77% from the previous quarter.