Core Insights - The overall performance of the Sci-Tech Innovation Board (STAR Market) has shown a significant recovery, with a 75% year-on-year increase in net profit for the third quarter [1][2] - The board's companies achieved a total operating revenue of 1,105.01 billion yuan, representing a 7.9% year-on-year growth, and a net profit of 49.27 billion yuan, up 8.9% year-on-year [1][2] Performance Distribution - Over 70% of companies on the STAR Market reported revenue growth, and nearly 60% saw an increase in net profit; 158 companies had net profit growth exceeding 50%, while 46 companies turned losses into profits [2] - The Sci-Tech 50 Index companies accounted for 46% of total revenue and 50% of net profit, serving as a stabilizing force for the board [2] - The Sci-Tech 100 Index companies exhibited high growth elasticity, with revenue and net profit increasing by 12% and 134% year-on-year, respectively [2] Innovation and R&D Investment - The total R&D investment for the STAR Market reached 119.75 billion yuan, which is 2.4 times the net profit, with a median R&D intensity of 12.4%, leading all A-share sectors [2] - The "1+6" reform initiated in June aims to support unprofitable tech companies, with 35 such companies showing promising growth; their revenue increased by 39% year-on-year, while net profit losses were reduced by 65% [2] - Leading companies are demonstrating potential for profitability, with Cambrian Technology achieving profitability for four consecutive quarters and BeiGene's quarterly revenue surpassing 10 billion yuan [2] Future Outlook - The STAR Market is expected to attract and nurture more world-class technology enterprises, with a focus on innovation as a key driver for economic growth [3]
科创板592家公司三季度“成绩单”揭晓 单季度净利润同比增长75%
Zhong Guo Xin Wen Wang·2025-11-13 14:24