Recently, the A-share market experienced a clear correction under external import risks and financial pressure, and market sentiment was low. However, the 2026 three-quarter report, which has just been disclosed, shows a different picture: the net profit of all listed companies increased 8.2% year-on-year in the first three quarters, outperforming the nominal GDP growth rate during the same period; at the same time, the forward price-earnings ratio of the Shanghai and Shenzhen 300 fell below the average of the past ten years, and the dividend ratio rose to 3.4%. On the one hand, there is a very attractive historical bottom valuation, and on the other hand, the strong profit resilience shown by the AI industry chain and upstream resource products. Facing the significant divergence between fundamentals and capital, Li Qiusuo, China's chief domestic strategy analyst at CICC's research department, made it clear in an interview with the “Daily Economic News” reporter that the current market has responded too much to pessimistic expectations, and the long-term steady trend of the A-share market has not changed. “China has large policy space, strong roots, sufficient development potential, and competitive advantages in many industries. As representatives of China's outstanding enterprises, A-share listed companies continue to improve in the medium term.” Li Qiusuo finally emphasized that solid fundamental support combined with very attractive valuations made him still optimistic about the medium- to long-term development prospects of the A-share market.

Recently, the A-share market experienced a clear correction under external import risks and financial pressure, and market sentiment was low. However, the 2026 three-quarter report, which has just been disclosed, shows a different picture: the net profit of all listed companies increased 8.2% year-on-year in the first three quarters, outperforming the nominal GDP growth rate during the same period; at the same time, the forward price-earnings ratio of the Shanghai and Shenzhen 300 fell below the average of the past ten years, and the dividend ratio rose to 3.4%. On the one hand, there is a very attractive historical bottom valuation, and on the other hand, the strong profit resilience shown by the AI industry chain and upstream resource products. Facing the significant divergence between fundamentals and capital, Li Qiusuo, China's chief domestic strategy analyst at CICC's research department, made it clear in an interview with the “Daily Economic News” reporter that the current market has responded too much to pessimistic expectations, and the long-term steady trend of the A-share market has not changed. “China has large policy space, strong roots, sufficient development potential, and competitive advantages in many industries. As representatives of China's outstanding enterprises, A-share listed companies continue to improve in the medium term.” Li Qiusuo finally emphasized that solid fundamental support combined with very attractive valuations made him still optimistic about the medium- to long-term development prospects of the A-share market.