[Shenghong Technology: Net profit in the third quarter fell 52% year-on-year and 66% month-on-month] On October 29, Shenghong Technology (300476.SZ) announced that it achieved operating income of 18.461 billion yuan in the first three quarters, a year-on-year increase of 30.77%; net profit attributable to shareholders of listed companies was 3.384 billion yuan, a year-on-year increase of 4.28%. Operating income in the third quarter was 6.831 billion yuan, a year-on-year increase of 34.30%; net profit attributable to shareholders of listed companies was 527 million yuan, a year-on-year decrease of 52.17%. The revenue growth was mainly due to the increase in sales. Xiaocai Note: The company’s Q3 net profit was 527 million, and Q2 net profit was 1.568 billion. Based on this calculation, Q3 net profit dropped 66% from the previous quarter.