[China State Construction: Net profit in the first three quarters fell 24.8% year-on-year] On October 30, China State Construction (601668.SH) announced that it achieved operating income of 1.34 trillion yuan in the first three quarters, a year-on-year decrease of 14.3%; net profit attributable to shareholders of listed companies was 28.714 billion yuan, a year-on-year decrease of 24.8%. In the third quarter, operating income was 359.874 billion yuan, a year-on-year decrease of 20%; net profit attributable to shareholders of listed companies was 5.714 billion yuan, a year-on-year decrease of 26.7%. Affected by the continued contraction of the construction market and the decline in fixed asset investment, the company's operating income fell compared with the same period last year. Xiaocai Note: The company’s Q3 net profit was 5.714 billion, and Q2 net profit was 9.119 billion. Based on this calculation, Q3 net profit dropped 37% month-on-month.