财经深一度丨科创板三季报“交卷” 整体业绩呈现升势

Core Insights - The overall performance of the Sci-Tech Innovation Board (STAR Market) shows significant growth, with a 75% year-on-year increase in net profit for the third quarter, highlighting the strong momentum of "hard technology" companies [1][3]. Financial Performance - In the first three quarters of 2025, STAR Market companies achieved total operating revenue of 1,105.01 billion yuan, a year-on-year increase of 7.9%, and net profit of 49.268 billion yuan, up 8.9% [3]. - Excluding four leading photovoltaic companies, the overall revenue and net profit of the board increased by 14.6% and 30.6% year-on-year, respectively [3]. - Over 70% of companies reported revenue growth, and nearly 60% saw an increase in net profit, with 158 companies experiencing a net profit growth of over 50% [3]. Research and Development - Total R&D investment for STAR Market companies reached 119.745 billion yuan, which is 2.4 times the net profit, with a median R&D intensity of 12.4%, leading all A-share sectors [4]. - Notable breakthroughs include the approval of a recombinant human albumin injection by He Yuan Bio and the mass production of a low-noise semiconductor single-photon detector by Guo Dun Quantum [4]. Industry Highlights - In the integrated circuit sector, 121 related companies reported a 25% year-on-year revenue increase and a 67% rise in net profit, with 80% of firms achieving revenue growth [7]. - The artificial intelligence sector saw a comprehensive growth in computing power, data transmission, storage, and application, with the biopharmaceutical industry achieving an 11% revenue increase and a 48% rise in net profit [9]. - In the new energy sector, 17 photovoltaic companies significantly reduced their losses, while 19 lithium battery-related companies reported a 7% revenue increase and a net profit of 1.02 billion yuan, marking a return to profitability [11].