On October 16, Xiexin Technologies announced that the company's photovoltaic materials business recorded a profit of about 960 million yuan in the third quarter . The company's profit during the period included an after-tax gain of about 640 million yuan from the sale of an associated company, turning losses into profits. In the third
quarter, the average external tax-inclusive price of the company's granular silicon was 42.12 yuan/kg (32.93 yuan/kg in the second quarter). The average production cash cost (including R & D cost) of granular silicon further decreased to 24.16 yuan/kg (27.07 yuan/kg in the first quarter).