[GF Securities: Q3 net profit fell 36% month-on-month] On October 29, GF Securities (000776.SZ) announced that its total operating income in the third quarter was 10.173 billion yuan, a year-on-year decrease of 5.51%; the net profit attributable to shareholders of listed companies was 4.376 billion yuan, a year-on-year decrease of 1.99%. The total operating income in the first three quarters was 37.056 billion yuan, a year-on-year increase of 41.63%; the net profit attributable to shareholders of listed companies was 16.027 billion yuan, a year-on-year increase of 46.58%. During this period, net income from brokerage business and fund management business increased, and investment income from financial instruments increased. Xiaocai Note: The company’s Q3 net profit was 4.376 billion and Q2 net profit was 6.944 billion. Based on this calculation, Q3 net profit dropped 36% from the previous quarter.