[Longyuan Electric Power: Net profit in the first three quarters fell 36.83% year-on-year] On October 29, Longyuan Electric Power (001289.SZ) announced that its operating income in the third quarter was 6.44 billion yuan, a year-on-year decrease of 4.58%; the net profit attributable to shareholders of listed companies was 442 million yuan, a year-on-year decrease of 57.84%. Operating income in the first three quarters was 21.242 billion yuan, a year-on-year decrease of 5.19%; net profit attributable to shareholders of listed companies was 2.817 billion yuan, a year-on-year decrease of 36.83%. The change in performance was mainly due to the year-on-year decline in utilization hours and electricity prices, which led to a decline in revenue. Costs such as depreciation and amortization increased with the growth of installed capacity, resulting in a decline in profits. Xiaocai Note: The company’s Q3 net profit was 425 million, and Q2 net profit was 769 million. Based on this calculation, Q3 net profit dropped 44% month-on-month.