[GigaDevice: Net profit in the third quarter increased by 729% year-on-year and decreased by 21% quarter-on-quarter] On October 29, GigaDevice (603986.SH) announced that its third-quarter revenue was 8.732 billion yuan, a year-on-year increase of 225.65%; net profit was 4.209 billion yuan, a year-on-year increase of 728.93%. Revenue in the first three quarters was 20.297 billion yuan, a year-on-year increase of 197.11%; net profit was 11.066 billion yuan, a year-on-year increase of 921.55%. Reasons for the change in performance: During the reporting period, the supply of the memory chip industry was tight, the company's memory chip product volume and price increased, and the storage business continued to improve; multiple business product lines such as MCU continued to develop, product shipment scale also achieved good growth, and the overall operating performance achieved substantial growth. Xiaocai Note: The company’s Q3 net profit was 4.209 billion and Q2 net profit was 5.396 billion. Based on this calculation, Q3 net profit dropped 21% from the previous quarter.