[Sanan Optoelectronics: Net loss in the first three quarters was 120 million yuan] On October 29, Sanan Optoelectronics (600703.SH) announced that its operating income in the third quarter was 3.572 billion yuan, a year-on-year decrease of 26.05%; the net profit attributable to shareholders of the listed company was -22.5363 million yuan. Operating income in the first three quarters was 10.039 billion yuan, a year-on-year decrease of 27.34%; net profit attributable to shareholders of listed companies was -120 million yuan. Reasons for the change in performance: According to the "Announcement of the Ministry of Finance and the State Administration of Taxation on Tax Policies Concerning Gold" issued by the Ministry of Finance and the State Administration of Taxation, the company changed the precious metal scrap gold and platinum recycling business from external sales to physical replacement. After the adjustment, the precious metal scrap recycling will no longer recognize other business income, resulting in a decrease in the company's operating income. After deducting precious metal scrap on the same basis, the operating income for this reporting period increased by 11.25% compared with the same period of the previous year, and the operating income from the beginning of the reporting period to the end of the reporting period increased by 9.77% compared with the same period of the previous year. The company's LED high-end product revenue increased year-on-year; the revenue scale of optical technology increased rapidly, and the net profit turned a profit; the profitability of the filter and power electronics business has not yet improved; Exchange losses increased year-on-year due to exchange rate fluctuations, coupled with the year-on-year decrease in bank deposit interest income, resulting in a year-on-year increase in financial expenses; the change in the precious metal scrap business method no longer affects investment income; the accrual of inventory depreciation provisions affected the year-on-year increase in asset impairment losses; self-examination and back-payment of corporate income tax resulted in an increase in income tax expenses. Xiaocai's note: The company's Q3 net profit lost 23 million, and Q2 net profit was -165 million. Based on this calculation, Q3 net profit continued to lose month-on-month.