[Industrial Securities: Q3 net profit fell 43.97% year-on-year and 50% quarter-on-quarter] On October 30, Industrial Securities (601377.SH) announced that it achieved operating income of 9.313 billion yuan in the first three quarters, a year-on-year increase of 0.39%; net profit attributable to shareholders of listed companies was 2.797 billion yuan, a year-on-year increase of 10.93%. In the third quarter, operating income was 2.583 billion yuan, a year-on-year decrease of 33.31%; net profit attributable to shareholders of listed companies was 667 million yuan, a year-on-year decrease of 43.97%. The change in performance was mainly due to the main market index turning from strong to weak in the third quarter and the year-on-year decline in securities investment income. Xiaocai Note: The company’s Q3 net profit was 667 million and Q2 net profit was 1.344 billion. Based on this calculation, Q3 net profit dropped 50% month-on-month.