[Shenghe Resources: Net profit in the third quarter fell 41.76% year-on-year and 57% quarter-on-quarter] On October 30, Shenghe Resources (600392.SH) announced that it achieved operating income of 13.681 billion yuan in the first three quarters, a year-on-year increase of 30.85%; net profit attributable to shareholders of listed companies was 1.126 billion yuan, a year-on-year increase of 42.94%. In the third quarter, operating income was 4.922 billion yuan, a year-on-year increase of 15.08%; net profit attributable to shareholders of listed companies was 239 million yuan, a year-on-year decrease of 41.76%. Affected by factors such as changes in the market supply and demand pattern, the overall market demand for rare earth products this year is improving, product prices have increased year-on-year, and sales gross profit and net profit have increased significantly compared with the same period. The gross profit margin of the main products in this quarter decreased compared with the same period last year, and the gross sales profit and net profit decreased compared with the same period last year. Xiaocai Note: The company’s Q3 net profit was 239 million. The previous forecast range was 213 million-343 million. Q2 net profit was 559 million. Based on this calculation, Q3 net profit dropped 57% from the previous quarter.