[China Railway: Net profit in the first three quarters fell 28.97% year-on-year] On October 29, China Railway (601390.SH) announced that its operating income in the third quarter was 243.392 billion yuan, a year-on-year decrease of 7.36%; the net profit attributable to shareholders of listed companies was 3.768 billion yuan, a year-on-year decrease of 33.46%. Operating income in the first three quarters was 715.154 billion yuan, a year-on-year decrease of 7.58%; net profit attributable to shareholders of listed companies was 12.424 billion yuan, a year-on-year decrease of 28.97%. Xiaocai Note: The company’s Q3 net profit was 3.768 billion and Q2 net profit was 4.297 billion. Based on this calculation, Q3 net profit dropped 12% from the previous quarter.