[Hainan Mining: Q3 net profit increased by 324% year-on-year and decreased by 56% month-on-month] On October 30, Hainan Mining (601969.SH) announced that it achieved operating income of 4.423 billion yuan in the first three quarters, a year-on-year increase of 31.64%; net profit attributable to shareholders of listed companies was 650 million yuan, a year-on-year increase of 107.96%. In the third quarter, operating income was 1.704 billion yuan, a year-on-year increase of 80.39%; net profit attributable to shareholders of listed companies was 135 million yuan, a year-on-year increase of 324.44%. The change in performance is mainly due to the increase in performance contributed by the new integrated lithium resource business, coupled with the increase in oil and gas business income driven by rising oil prices. Xiaocai Note: The company’s Q3 net profit was 135 million. The previous forecast range was 86 million-186 million. Q2 net profit was 314 million. Based on this calculation, Q3 net profit dropped 56% from the previous quarter.