[Cathay Haitong: Q3 net profit fell 66% month-on-month] On October 30, Cathay Haitong (601211.SH) announced that it achieved operating income of 58.976 billion yuan in the first three quarters, a year-on-year increase of 28.51%; the net profit attributable to the owners of the parent company was 24.885 billion yuan, a year-on-year increase of 12.73%. In the third quarter, operating income was 11.813 billion yuan, a year-on-year decrease of 46.35%; net profit attributable to owners of the parent company was 4.625 billion yuan, a year-on-year decrease of 27.01%. Affected by the securities market conditions in the third quarter, gains and losses from changes in the fair value of financial instruments decreased year-on-year. Xiaocai Note: The company’s Q3 net profit was 4.625 billion and Q2 net profit was 13.871 billion. Based on this calculation, Q3 net profit dropped 66% month-on-month.