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三季报“答卷”收官 高技术制造业保持高景气度
Zheng Quan Shi Bao·2025-10-30 19:15

Core Insights - Nearly 80% of the 5414 listed companies reported profits in the first three quarters, with over 53% showing net profit growth compared to the previous year [2][4] - High-tech manufacturing and equipment manufacturing sectors maintained rapid growth, while industries like steel, non-ferrous metals, media, and non-bank financials showed significant performance recovery [1][2] - A total of 209 companies proposed dividend plans for the third quarter, with a combined planned dividend of 38.2 billion yuan [1] Financial Performance - The total operating revenue for listed companies reached 50.8 trillion yuan, with a net profit of 4.54 trillion yuan, reflecting year-on-year growth of 3.46% and 2.86% respectively [2] - In the third quarter alone, the median revenue and net profit growth rates were 4.27% and 5.78% respectively [2] - 679 companies reported a year-on-year net profit increase of over 100%, with notable performances from companies like Industrial Bank and China Life, each exceeding 100 billion yuan in net profit [4][6] Sector Analysis - All but the real estate sector achieved overall profitability in the first three quarters, with 17 sectors reporting net profit growth [2] - The steel, non-ferrous metals, media, and non-bank financial sectors saw net profit growth rates of 749%, 41%, 39%, and 38% respectively [2] - High-tech sectors such as semiconductors and hardware equipment led the performance upgrades, with AI being a key driver for growth in technology stocks [7][8] Future Outlook - The positive performance trends are expected to continue, with 468 companies receiving upward revisions in annual performance forecasts from brokers [6] - The high dividend trend persists, with 219 companies planning dividends totaling 46.6 billion yuan, indicating a strong commitment to returning value to investors [6] - The construction, steel, and other sectors are anticipated to benefit from stable growth policies, while demand recovery is expected to support ongoing profit increases [8]