[China Railway Construction: Q3 net profit fell 83.98% year-on-year and 84% quarter-on-quarter] On October 30, China Railway Construction (601186.SH) announced that it achieved operating income of 639.447 billion yuan in the first three quarters, a year-on-year decrease of 12.21%; net profit attributable to shareholders of listed companies was 9.348 billion yuan, a year-on-year decrease of 36.88%. In the third quarter, operating income was 211.009 billion yuan, a year-on-year decrease of 11.79%; net profit attributable to shareholders of listed companies was 658 million yuan, a year-on-year decrease of 83.98%. The change in performance was mainly due to the decline in fixed asset investment nationwide, the continued adjustment of the real estate market, and the decline in profits from the engineering contracting business and real estate business. Xiaocai Note: The company’s Q3 net profit was 658 million and Q2 net profit was 4.297 billion. Based on this calculation, Q3 net profit dropped 84% from the previous quarter.