China Association for Public Companies: In the first three quarters, listed companies in the domestic stock market achieved a net profit attributable to parent companies of RMB5.1 trillion, an increase of 8.5%.

On November 2, the China Association for Public Companies released the 2026 third-quarter operating results report for listed companies in the domestic stock market. In the first three quarters, listed companies achieved total operating revenue of RMB56.8 trillion, up 5.9% year on year; and net profit attributable to parent companies of RMB5.1 trillion, up 8.5%. A total of 4,079 listed companies across the market were profitable, the proportion of companies with positive revenue growth increased by 3.8 percentage points compared with the full year last year, and more than 30% of companies achieved growth in both revenue and net profit. Companies on the Shanghai and Shenzhen main boards maintained stable operating cash flow and contributed 60% of the market's revenue increment. Private listed companies showed sound development momentum, with revenue and net profit growing 13.5% and 22.6% respectively, and revenue growth further accelerated compared with the first half, with 208 companies turning profitable year on year. The original text is as follows: 2026 Third-Quarter Operating Results Report of Listed Companies in the Domestic Stock Market In the first three quarters of 2026, China's economy withstood pressure and maintained stable operation, with GDP growing 4.6% year on year, prices generally stable, and development resilience and vitality continuing to show. As of October 31, a total of 5,578[1] listed companies in China's domestic stock market (the Shanghai, Shenzhen and Beijing stock exchanges, hereinafter referred to as the "whole market") had disclosed their 2026 third-quarter reports. Data show that the operating results of China's listed companies grew steadily, the vitality of technology growth enterprises was unleashed, the driving role of new industrial momentum emerged, investor return mechanisms became more complete, and positive factors for high-quality development continued to accumulate. I. Overall operating results grew steadily. In the first three quarters, listed companies achieved total operating revenue of RMB56.8 trillion, up[2] 5.9% year on year; and net profit attributable to parent companies[3] of RMB5.1 trillion, up 8.5%. A total of 4,079 listed companies across the market were profitable, the proportion of companies with positive revenue growth increased by 3.8 percentage points compared with the full year last year, and more than 30% of companies achieved growth in both revenue and net profit. Companies on the Shanghai and Shenzhen main boards maintained stable operating cash flow and contributed 60% of the market's revenue increment. Private listed companies showed sound development momentum, with revenue and net profit growing 13.5% and 22.6% respectively, and revenue growth further accelerated compared with the first half, with 208 companies turning profitable year on year. II. The vitality of technology growth enterprises was unleashed. In the first three quarters, companies on the ChiNext, STAR Market and Beijing Stock Exchange achieved total revenue of RMB5.8 trillion and net profit of RMB542.8 billion, up 27.0% and 79.8% respectively; net profit increment of ChiNext companies exceeded RMB55 billion, and that of STAR Market companies exceeded RMB184 billion, with the net profit increment of the two boards accounting for 60% of the whole market, up 44 percentage points from the same period last year. The "tech" and "new" content of listed companies continued to increase, with the market value[4] of the technology sector accounting for more than 30%, and the market value of strategic emerging industry companies accounting for more than 40%. III. The driving role of new industrial momentum emerged. In the first three quarters, among 19 major industry categories[5], 16 industries were profitable, 12 industries saw positive revenue growth, and 9 industries saw positive net profit growth. Among manufacturing sub-industries, the electronics, electrical and communications industry, the instruments and meters industry, and the textiles, clothing and footwear industry saw third-quarter revenue growth faster than in the first half. High-end manufacturing continued to advance, new quality productive forces formed faster, and high-tech manufacturing revenue grew 27.3% and net profit grew 80.7%. Domestic integrated circuit technology research achieved key progress, with revenue of related listed companies growing 45.9% and net profit growing 1.9 times. Global downloads of AI open-source large models exceeded 10 billion times, demand for electronic components such as memory and printed circuit boards remained high, and net profit of listed companies in the two industries grew 55.3 times and 1.1 times. The layout of the national computing power grid accelerated, driving the repair of upstream resource prices, and revenue of listed companies in the energy metals and minor metals industries grew 60.9% and 26.4%. The overseas share of domestically developed innovative drugs continued to expand, total outbound licensing transaction value hit a new record high, and net profit of listed companies in the chemical pharmaceuticals industry grew 26.4%. China's shipbuilding completion volume and new orders led the world, and net profit of listed companies in the marine equipment industry grew 1.6 times. In the first three quarters, national retail sales of consumer goods and services grew 2.6% year on year, and the potential of county-level consumption and inbound consumption continued to be released. Green, smart and health became new trends in goods consumption, promoting the upgrading of durable consumer goods, and revenue growth of listed companies in the consumer electronics, new energy vehicles and medical services industries exceeded 10%, with net profit growth exceeding 15%. National railway and civil aviation passenger volumes exceeded 3.7 billion person-times and 590 million person-times respectively, demand for sports tourism and exhibition tourism rose, and net profit of listed companies in the hotel and catering and transportation industries grew 27.5% and 2.2%. The scale of the national logistics market grew steadily, new models such as instant delivery continued to support consumer livelihood, and net profit of four listed companies in the express delivery industry grew 23.7%. Immersive and experiential retail formats saw rapid development, and revenue of listed companies in the short drama games and cosmetics industries grew 5.8% and 8.3%. IV. The innovation-driven strategy was vigorously advanced. Listed companies actively integrated into the overall national development agenda and continued to increase investment in innovation factors. In the first three quarters, the whole market invested a total of RMB1.2 trillion in R&D, with the scale exceeding RMB1 trillion for four consecutive years in the same period, up 6.6% year on year, with growth 2.5 percentage points higher than last year. The innovation-leading role of top companies became prominent, with 195 companies investing more than RMB1 billion in R&D. R&D intensity of the whole market was 2.2%, and R&D intensity of the ChiNext, STAR Market and Beijing Stock Exchange was 2.0, 7.5 and 1.9 percentage points higher than the overall level respectively. Innovation awareness in "hard tech" fields significantly strengthened, with R&D intensity of the computer and machinery equipment industries exceeding 5%. V. Investor return mechanisms became more complete. As of October 31, a total of 1,089 listed companies across the market had announced cash dividend plans[6] for the first quarter, half-year and third quarter of 2026, 56 more than the same period last year. Total cash dividends[7] across the market amounted to RMB801 billion, of which 100 companies paid dividends exceeding RMB1 billion, and 40 companies paid dividends multiple times during the year. Excluding cases that ceased implementation, more than 1,000 listed companies released 2026 buyback plans, with cumulative buyback amount of RMB112.9 billion. A total of 333 listed companies across the market announced 2026 shareholding increase plans, of which central and state-owned enterprises accounted for nearly 30%. Since the beginning of the year, medium- and long-term funds such as social security, annuity and insurance funds have made net purchases of A-shares totaling more than RMB600 billion, policies have continued to guide long-term funds and patient capital into the market, comprehensive investment and financing reform has advanced in an orderly manner, and the capital market's momentum is turning toward the new, its structure toward the better, and its ecosystem toward improvement. Notes: [1] The data scope of this article is listed companies (including B-shares) as of October 31, 2026, excluding 5 companies with delayed disclosure, totaling 5,578 companies, with the statistical cutoff at 22:00 on October 31, 2026. [2] Affected by changes such as newly listed and delisted companies, the statistical scope changes each period, and "year on year" and "quarter on quarter" mentioned in this article are calculated on a comparable basis. [3] Net profit in this report refers to net profit attributable to shareholders of listed companies. [4] The market value statistics sample includes 5 companies with delayed disclosure, with the statistical cutoff at October 31, 2026. [5] Classified according to the Guidelines for Industry Statistical Classification of Listed Companies issued by the China Association for Public Companies on May 21, 2023. [6] Including first-quarter, half-year, third-quarter and special dividends. [7] Calculated based on dividends on all domestic and overseas share capital of companies. This article is excerpted from the "China Association for Public Companies" WeChat public account, edited by GMTEight's Feng Qiuyi.