上交所：前三季度沪市上市公司实现净利润3.79万亿元 同比增长4.5%

Core Insights - As of October 31, 2025, companies listed on the Shanghai Stock Exchange have completed the disclosure of their Q3 reports for 2025, showing stable growth in revenue and profit [1] Financial Performance - Total operating revenue for the first three quarters reached 37.58 trillion yuan, reflecting a slight year-on-year increase [1] - Net profit amounted to 3.79 trillion yuan, representing a year-on-year growth of 4.5% [1] - After excluding non-recurring items, the net profit was 3.65 trillion yuan, with a year-on-year increase of 5.5% [1] Quarterly Analysis - In Q3, net profit and net profit after excluding non-recurring items grew by 11.4% and 14.6% year-on-year, respectively [1] - The growth rates for Q3 were higher than those in Q2 by 10.8 percentage points and 14.3 percentage points, respectively [1] - Quarter-on-quarter, net profit and net profit after excluding non-recurring items increased by 16.9% and 19.2%, respectively [1] Dividend Trends - A total of 501 companies have announced dividend plans in their mid-year and Q3 reports, with total cash dividends exceeding 600 billion yuan, marking a year-on-year increase of 3.3% [1]