According to CoinMeta, [Defu Technology: Third-quarter net profit increases by 631% year-on-year and 75% quarter-on-quarter; gross margin of copper foil products rises] reported by Cailian News on October 26th, Defu Technology (301511.SZ) announced that it achieved operating revenue of 14.583 billion yuan in the first three quarters, a year-on-year increase of 71.56%; net profit attributable to shareholders of the listed company was 467 million yuan, a year-on-year increase of 601.75%. In the third quarter, operating revenue was 5.387 billion yuan, a year-on-year increase of 68.29%; net profit attributable to shareholders of the listed company was 204 million yuan, a year-on-year increase of 631.02%. The company has continuously pushed forward product iteration and upgrading, with a significant increase in the proportion of high-value-added products shipped. The optimization of the product structure led to an increase in the company's average processing fees, thereby enhancing the company's overall profitability. At the same time, the company's capacity utilization rate increased year-on-year, and unit production costs decreased significantly, resulting in an increase in the gross margin of the company's copper foil products and a corresponding increase in profits. Note from Cailian News: The company's net profit was 204 million yuan, and the net profit of Q2 was 116 million yuan. Based on this, the net profit of Q3 increased by 75% quarter-on-quarter.