2879份财报印证韧性：深市营收净利双增 科技创新动能强劲

Core Insights - The Shenzhen Stock Exchange (SZSE) companies demonstrated resilience in their Q3 2025 performance, with total revenue reaching 15.72 trillion yuan, a year-on-year increase of 4.31%, and net profit of 903.02 billion yuan, up 9.69% [1][2] Revenue and Profit Growth - Over 75% of SZSE companies reported profitability, with 53.66% showing year-on-year net profit growth [2] - The main board achieved revenue of 12.47 trillion yuan and net profit of 658.36 billion yuan, reflecting a 6.68% increase in net profit [2] - The ChiNext board continued its high growth trend, with revenue of 3.25 trillion yuan and net profit of 244.66 billion yuan, both showing double-digit growth [2] Leading Companies - 57 companies on the SZSE have a market capitalization exceeding 100 billion yuan, collectively generating 4.38 trillion yuan in revenue and 461.37 billion yuan in net profit, with growth rates of 10.70% and 13.84% respectively [3] - Notable performers include BYD, Midea Group, and CATL, which surpassed 100 billion yuan in revenue and 10 billion yuan in net profit [3] Sector Performance - The technology innovation sectors, particularly electronics, power equipment, and communications, are key growth drivers [4] - The electronics sector reported revenue of 1.59 trillion yuan and net profit of 791.22 billion yuan, with year-on-year growth rates of 15.03% and 32.12% respectively [4][5] - The power equipment sector achieved revenue of 1.32 trillion yuan and net profit of 946.09 billion yuan, reflecting growth of 10% and 29.53% [5] - The communications sector saw revenue of 292.83 billion yuan and net profit of 307.94 billion yuan, with growth rates of 14.29% and 36.71% [5] R&D Investment - R&D expenditures among SZSE companies totaled 518.01 billion yuan, a 6.20% increase, with a research intensity of 3.29% [5] Non-Banking Financial Sector - The non-banking financial sector showed significant recovery, with total revenue of 213.58 billion yuan and net profit of 60.85 billion yuan, marking increases of 10.67% and 49.03% respectively [6] - The brokerage sector was a major contributor, achieving revenue of 117.48 billion yuan and net profit of 50.91 billion yuan, with growth rates of 30.05% and 77.15% [7]