[Tianci Materials: Net profit in the third quarter increased by 582% year-on-year and decreased by 13% month-on-month] On October 29, Tianci Materials (002709.SZ) announced that its operating income in the third quarter was 8.832 billion yuan, a year-on-year increase of 131.58%; the net profit attributable to shareholders of listed companies was 1.041 billion yuan, a year-on-year increase of 581.69%. In the first three quarters, operating income was 23.542 billion yuan, a year-on-year increase of 117.12%; net profit attributable to shareholders of listed companies was 3.902 billion yuan, a year-on-year increase of 827.68%. The main reason for the change in revenue was the increase in product sales volume and unit price during the reporting period, and the increase in revenue. Xiaocai Note: The company’s Q3 net profit was 1.041 billion and Q2 net profit was 1.207 billion. Based on this calculation, Q3 net profit dropped 13% month-on-month.