[Baili Tianheng: Net profit in the third quarter increased by 49.54% year-on-year] On October 30, Baili Tianheng (688506.SH) announced that it achieved operating income of 2.094 billion yuan in the first three quarters, a year-on-year increase of 1.35%; the net profit attributable to shareholders of the listed company was a loss of 705 million yuan. In the third quarter, operating income was 1.907 billion yuan, a year-on-year increase of 0.63%; net profit attributable to shareholders of listed companies was 932 million yuan, a year-on-year increase of 49.54%. The change in performance was mainly due to the increase in R&D expenses during the reporting period. Xiaocai's note: The company's Q3 net profit was 932 million, and Q2 net profit was -863 million. Based on this calculation, Q3 net profit turned a profit from a quarter-on-quarter loss.