科创板前三季度592家公司营收合计破1.1万亿、研发投入达1197亿，科创50继续发挥压舱石作用，全面领跑A股

Core Insights - The overall performance of the Sci-Tech Innovation Board shows a strong recovery, with a significant year-on-year net profit growth of 75% in Q3 2025, indicating a positive trend for the sector [1] Financial Performance - In the first three quarters, companies on the Sci-Tech Innovation Board achieved total operating revenue of 1,105.01 billion yuan, representing a year-on-year growth of 7.9% [1] - The net profit for the same period reached 49.27 billion yuan, with a year-on-year increase of 8.9% [1] - After excluding four leading photovoltaic companies, the revenue and net profit growth rates further expanded to 14.6% and 30.6%, respectively [1] Growth Dynamics - Over 70% of the companies reported revenue growth, and nearly 60% experienced net profit growth [1] - A total of 158 companies saw net profit increases exceeding 50%, while 46 companies successfully turned losses into profits [1] - The Sci-Tech 50 Index component companies continued to play a stabilizing role, accounting for 46% of revenue and 50% of net profit [1] - The Sci-Tech 100 Index component companies reported revenue and net profit growth of 12% and 134%, respectively, showcasing high elasticity [1] R&D Investment - The total R&D investment for the first three quarters reached 119.75 billion yuan, which is 2.4 times the net profit [1] - The median R&D intensity stood at 12.4%, maintaining a leading position in the A-share market [1]