As the "ballast stone" and "vanguard" of the national economy, A-share listed companies are vigorously running on various industrial tracks, accelerating the transformation of new quality productivity into high-quality development momentum, and delivering a resilient, dynamic, and warm third quarter report. According to Shanghai Securities News, as of 8:00 pm on October 30th, a total of 5346 A-share companies have disclosed their third quarter reports for 2025. In the first three quarters of this year, the total operating revenue of 5346 companies reached 48.62 trillion yuan, a year-on-year increase of 1.65%; The total net profit attributable to the parent company reached 4.40 trillion yuan, a year-on-year increase of 6.37%; The net operating cash flow was 13.08 trillion yuan, a year-on-year increase of 53.49%; 4110 listed companies achieved profitability, accounting for 76.88%. Looking at different industries, under the background of accelerated penetration of artificial intelligence, emerging industry companies such as electronics and computers have performed outstandingly; Thanks to policy and supply side support, traditional cyclical industries such as steel and non-ferrous metals have significantly recovered. Wang Yi, Chief Economist of Great Wall Securities, stated in an interview with Shanghai Securities News that in the first three quarters of 2025, the Chinese economy demonstrated strong resilience in a complex environment, with GDP growing by 5.2% year-on-year, laying a solid foundation for achieving the annual target. This resilience stems from a sound industrial system, a super large market advantage, and accelerated growth of new quality productivity. "Wang Yi further analyzed and looked forward to the" 15th Five Year Plan ". China will continue to use technological innovation as the core driving force, promote economic structural optimization and upgrading, deepen supply side structural reform and expand domestic demand, promote high-quality development, and inject more certainty and stability into the world economy. New and old industries complement each other. In the first three quarters of 2025, over 70% of the 30 Shenyi level industries (excluding comprehensive ones) achieved performance growth. The year-on-year growth rate of profits in the steel and non-ferrous metal industries exceeded 40%, while industries such as computer, electronics, and non bank finance achieved both revenue and net profit increases, with net profit growth rates exceeding 30%. The steel sector has performed particularly well, leading the way with a year-on-year increase in net profit of 12.89 times. Taking Shandong Iron and Steel as an example, the operating revenue for the first three quarters was 54.828 billion yuan; The net profit attributable to the parent company was 140 million yuan, significantly reversing losses; The net profit for the third quarter was approximately 127 million yuan, achieving the best quarterly performance since 2023. The rapid development of artificial intelligence technology has driven the continuous improvement of the prosperity of industries such as electronics. Cambrian benefited significantly, with operating revenue reaching 4.607 billion yuan in the first three quarters, a year-on-year increase of 2386.38%; The net profit attributable to the parent company changed from a loss of 724 million yuan in the same period last year to a profit of 1.605 billion yuan. The company stated that the performance growth is due to continuous market expansion, actively assisting in the implementation of artificial intelligence applications, and driving significant revenue growth. Benefiting from the strong growth of AI business, Industrial Fulian's revenue in the third quarter reached 243.172 billion yuan, a year-on-year increase of 42.81%; The net profit attributable to the parent company exceeded 10 billion yuan for the first time in a single quarter, reaching 10.373 billion yuan, a year-on-year increase of 62.04%, both setting a new record for the company's single quarter performance. Global lithium battery leader CATL has performed steadily, achieving a revenue of 283.072 billion yuan in the first three quarters, a year-on-year increase of 9.28%; The net profit attributable to the parent company was 49.034 billion yuan, a year-on-year increase of 36.20%. The total amount of monetary funds and trading financial assets of the company at the end of the period exceeded 360 billion yuan, providing a solid foundation for high-intensity research and development investment and large-scale global production capacity construction. Technological innovation cannot be separated from research and development support. In the first three quarters of 2025, the total R&D expenses of listed companies amounted to approximately 1.08 trillion yuan, a year-on-year increase of 3.79%. As a gathering place for hard technology enterprises, the R&D investment of companies listed on the Science and Technology Innovation Board has increased by 10.40%, demonstrating the vitality of enterprise innovation. The performance of multiple companies has been increasing quarter by quarter. Among the companies that have released their third quarter reports, nearly 900 companies have "outperformed" the year-on-year growth rate of net profit attributable to the parent company in the first half of the year (excluding situations such as turning losses or reducing losses). With the continuous penetration of new technologies and the recovery of market demand, many industries such as mechanical equipment, electronics, and basic chemical engineering have shown a clear trend of improvement. Among nearly 900 companies, 104 meet three conditions simultaneously: the year-on-year increase in net profit attributable to the parent company in the first three quarters exceeded 50%, and the year-on-year and month on month increase in net profit in the third quarter both exceeded 50%, highlighting the good trend of quarterly performance growth. Jibit achieved a revenue of 4.486 billion yuan in the first three quarters, a year-on-year increase of 59.17%; The net profit attributable to the parent company was 1.214 billion yuan, a year-on-year increase of 84.66%, significantly exceeding the year-on-year growth rate of 24.5% in the first half of this year. On a quarterly basis, the net profit attributable to the parent company in the third quarter was 569 million yuan, a year-on-year increase of 307.7% and a month on month increase of 57.58%. The company stated that the growth in performance was mainly due to the incremental revenue and profits contributed by "Legend of Sword and Staff (Mainland Version)", "Legend of Sword and Staff (Overseas Version)", "Dao You Lai Qiu Bao", and "Wen Jian Changsheng (Mainland Version)" in the third quarter. Along with the impressive financial report, there is also a large dividend plan. Jibit plans to distribute a cash dividend of 60 yuan per 10 shares to all shareholders in the third quarter of 2025, totaling 431 million yuan, accounting for 75.61% of the company's net profit attributable to shareholders in the third quarter. Under the wave of computing power driven by artificial intelligence, industries such as PCB (printed circuit board) and semiconductor are experiencing strong "performance waves". PCB leading enterprise Shengyi Electronics achieved a revenue of 6.829 billion yuan in the first three quarters, a year-on-year increase of 114.79%; The net profit attributable to shareholders of the listed company reached 1.115 billion yuan, a year-on-year increase of 497.61%, slightly exceeding the growth rate in the first half of the year. On a quarterly basis, the net profit attributable to the parent company in the third quarter increased significantly by 545.95% year-on-year, with a month on month growth rate of 76.84%. In addition, many companies such as Guoxuan High Tech, a leading global battery company, and Huahong Technology, a leader in the field of renewable resources, have shown a significant acceleration in their performance in the third quarter. Industry leaders are optimistic about their annual performance prospects, and many leading companies in the industry are actively releasing optimistic expectations. Looking ahead to 2025, through the dual drive of 'bottom-up capability innovation' and 'intelligent manufacturing upgrade', the company will comprehensively enhance the cost control efficiency of the entire industry chain, promote the deep integration of intelligent manufacturing and AI technology, and achieve a leap in production yield. At the same time, we will increase strategic investment in emerging fields such as AI hardware, high-speed interconnection of data centers, thermal management, intelligent vehicles, and robots, and build a more flexible business matrix. ”Lixun Precision expects a net profit attributable to the parent company of approximately RMB 16.518 billion to RMB 17.186 billion in 2025, a year-on-year increase of 23.59% to 28.59%. Xinlian Integration is expected to achieve an annual operating revenue of 8 billion to 8.3 billion yuan, a year-on-year increase of 23% to 28%; The net profit attributable to the parent company for the whole year will continue to decrease year-on-year. Regarding performance improvement, Xinlian Integration stated that with the penetration of new energy vehicles, the recovery of the new energy industry, and the development of emerging industries such as AI and robotics, the demand for products such as power devices and analog ICs continues to grow. Meanwhile, domestic substitution continues to drive an increase in demand for the domestic semiconductor product market. WuXi AppTec, the leader in innovative drug research and development services, predicts that its sustained operating revenue will return to double-digit growth by 2025, with the growth rate increasing from 13% to 17% to 17% to 18%; At the same time, the overall annual revenue will be raised from 42.5 billion yuan to 43.5 billion yuan to 43.5 billion yuan to 44 billion yuan. Hanlan Environment summarized its business situation in the third quarter report, stating that with the gradual completion of ongoing projects and the reduction of new construction projects, it is expected that its capital expenditures will continue to decline throughout 2025 without an increase in new projects (excluding the impact of Yuefeng Environmental Protection). Meanwhile, the company expects its heating business to continue its growth trend and its energy business to maintain a normal level of profitability by 2025. According to the third quarter report, since its listing, Jingchen's 6nm chip sales have continued to rise, with nearly 7 million units shipped in the first three quarters of 2025. The company expects that the annual shipment of 6nm chips is expected to reach 10 million by 2025; After large-scale commercial verification, the 6nm process technology will continue to be applied to the upcoming higher computing power general-purpose platform series, so it is expected that the annual operating performance will further increase year-on-year in 2025. (New Society)