[China Merchants Securities: Net profit in the third quarter increased by 80.65% year-on-year and dropped 9% month-on-month] On October 29, China Merchants Securities (600999.SH) announced that its operating income in the third quarter was 12.211 billion yuan, a year-on-year increase of 58.10%; the net profit attributable to shareholders of listed companies was 6.658 billion yuan, a year-on-year increase of 80.65%. Operating income in the first three quarters was 34.112 billion yuan, a year-on-year increase of 86.98%; net profit attributable to shareholders of listed companies was 17.282 billion yuan, a year-on-year increase of 94.81%. The performance growth was mainly due to the increase in investment business and brokerage business income. Xiaocai Note: The company’s Q3 net profit was 6.658 billion and Q2 net profit was 7.354 billion. Based on this calculation, Q3 net profit dropped 9% from the previous quarter.