Shanghai Stock Exchange: New quality productivity has become an important driving force for the growth of listed companies' performance in the Shanghai market.

On October 31st, the Shanghai Stock Exchange issued a statement stating that as of October 31st, Shanghai-listed companies have completed the disclosure of their third-quarter reports for 2025. The new productive forces have become an important driving force for performance growth. The modern industrial system is accelerating its formation, and high-tech industries are maintaining rapid growth. In the first three quarters, the total research and development investment of the high-tech manufacturing and services industry reached 229.6 billion yuan, a year-on-year increase of 9%. High research and development investment drove revenue, with net profit increasing by 10% and 19% year-on-year, contributing to a 3.4 percentage point increase in profit share. Among them, AI is driving the semiconductor industry boom, with net profits of chip design and semiconductor equipment increasing by 82% and 25% respectively in the first three quarters; domestically produced computing power has gained market recognition, with Cambricon's revenue increasing 24 times and Hygon Information's revenue increasing by 55%; integrated smart and artificial intelligence are driving innovation in both directions, with core component companies such as Mingzhi Electric and Orbotech Zhongguang seeing increases in net profit year-on-year.