[Sungrow: Net profit in the third quarter fell 68% year-on-year and 54% month-on-month] On October 30, Sungrow (300274.SZ) announced that it achieved operating income of 48.863 billion yuan in the first three quarters, a year-on-year decrease of 26.41%; net profit attributable to shareholders of listed companies was 6.599 billion yuan, a year-on-year decrease of 44.46%. In the third quarter, operating income was 17.95 billion yuan, a year-on-year decrease of 21.51%; net profit attributable to shareholders of listed companies was 1.341 billion yuan, a year-on-year decrease of 67.67%. The changes in taxes and surcharges were mainly due to the decrease in sales scale and the corresponding decrease in tax provisions. Xiaocai Note: The company’s Q3 net profit was 1.341 billion and Q2 net profit was 2.967 billion. Based on this calculation, Q3 net profit fell 54% month-on-month.