China Shanghai Association: Listed companies in the domestic stock market achieved net profit of 5.1 trillion yuan, an increase of 8.5% in the first three quarters
The Zhitong Finance App learned that on November 2, the China Association of Listed Companies released the 2026 three-quarter business performance report for listed companies in the domestic stock market. In the first three quarters, listed companies achieved total revenue of 56.8 trillion yuan, an increase of 5.9% over the previous year; net profit to mother was 5.1 trillion yuan, an increase of 8.5%. The total number of 4,079 listed companies in the market achieved profits. The number of companies with positive revenue growth increased by 3.8 percentage points compared to the full year of last year. Over 30% of companies increased both revenue and net profit. The operating cash flow of the Shanghai and Shenzhen Main Board Company remained steady, contributing a 60% increase in overall market revenue. The development trend of private listed companies was good. Revenue and net profit increased by 13.5% and 22.6% respectively. The revenue growth rate increased further compared to the first half of the year. Of these, 208 companies achieved year-on-year losses.
The original text is as follows:
Business performance report for the 2026 three-quarter report of listed companies in the domestic stock market
In the first three quarters of 2026, China's economy withstood pressure and maintained steady operation. GDP grew 4.6% year on year, prices were generally stable, and development resilience and vitality continued to show. As of October 31, a total of 5,578 companies [1] listed companies in China's domestic stock market (Shanghai, Shenzhen and North China stock exchanges, hereinafter referred to as “all markets”) have disclosed their reports for the third quarter of 2026. The data shows that the operating performance of listed companies in China has been growing steadily, the vitality of technology-growing enterprises has been unleashed, the driving effect of new industrial momentum has been shown, investor return mechanisms have been improved, and positive factors for high-quality development have continued to accumulate.
1. Overall business performance has grown steadily. In the first three quarters, listed companies achieved total revenue of 56.8 trillion yuan, an increase of 5.9% over the same period [2]; net profit to mother [3] of 5.1 trillion yuan, an increase of 8.5%. The total number of 4,079 listed companies in the market achieved profits. The number of companies with positive revenue growth increased by 3.8 percentage points compared to the full year of last year. Over 30% of companies increased both revenue and net profit. The operating cash flow of the Shanghai and Shenzhen Main Board Company remained steady, contributing a 60% increase in overall market revenue. The development trend of private listed companies was good. Revenue and net profit increased by 13.5% and 22.6% respectively. The revenue growth rate increased further compared to the first half of the year. Of these, 208 companies achieved year-on-year losses.
2. Unleash the vitality of technology-growing enterprises. In the first three quarters, companies listed on the GEM, Science and Technology Innovation Board, and Beijing Stock Exchange achieved a total revenue of 5.8 trillion yuan and net profit of 542.8 billion yuan, up 27.0% and 79.8% respectively; the net profit increase of GEM companies exceeded 55 billion yuan, and the net profit increase of science and technology innovation board companies exceeded 184 billion yuan. The net profit increase of the two sectors accounted for 60% of the total market, an increase of 44 percentage points over the same period last year. Listed companies continue to increase in the amount of “branches” and “new” volumes. Among them, the technology sector [4] accounts for more than 30% of the market value, and strategic emerging industry companies account for more than 40% of the market value.
3. The driving effect of the industry's new momentum is evident. In the first three quarters, out of 19 industries [5], 16 industries achieved profits, 12 industries had positive revenue growth, and 9 industries had positive net profit growth. Among the manufacturing sub-industries, the electronics, electrical and communications industries, the instrument and instrument industries, and the textile, clothing, footwear and hat industries grew faster in the third quarter than in the first half of the year. High-end manufacturing continues to advance, and the formation of new quality productivity accelerates. High-tech manufacturing revenue increased by 27.3%, and net profit increased by 80.7%.
Key progress has been made in domestic integrated circuit technology research. The revenue of listed industry-related companies increased by 45.9%, and net profit increased 1.9 times. The number of downloads of the AI open source model exceeded 10 billion times worldwide. Demand for electronic components such as memories and printed circuit boards remained high, and the net profit of listed companies in both industries increased 55.3 times and 1.1 times. The pace of national computing power grid layout accelerated, promoting the restoration of upstream resource prices in the industrial chain, and the revenue of listed companies in the energy metals and small metals industry increased by 60.9% and 26.4%. The overseas share of domestic innovative drugs continued to expand, the total amount of foreign authorized transactions reached a record high, and the net profit of listed companies in the chemical pharmaceutical industry increased by 26.4%. Domestic shipbuilding completed and new orders led the world, and the net profit of listed companies in the marine equipment industry increased 1.6 times.
In the first three quarters, total retail sales of goods and services for social consumption across the country increased by 2.6% year-on-year, and the potential for county consumption and inbound consumption continued to be unleashed. Green, smart, and healthy have become new trends in commodity consumption, driving the upgrading of durable consumer goods. The revenue growth rate of listed companies in the consumer electronics, new energy vehicle, and medical service industries exceeded 10%, and the net profit growth rate exceeded 15%. The national railway and civil aviation passenger traffic exceeded 3.7 billion and 590 million passengers respectively. Demand for race tours and exhibition tours increased, and the net profit of listed companies in the hotel, catering and transportation industries increased by 27.5% and 2.2%. The scale of the national logistics market is growing steadily. New models such as instant delivery continue to support people's livelihood consumption, and the net profit of the four listed companies in the express delivery industry increased by 23.7%. The immersive and experiential retail industry ushered in rapid development, and the revenue of listed companies in the skit game and cosmetics industry increased by 5.8% and 8.3%.
4. Strongly advance innovation-driven strategies. Listed companies actively integrate into the overall national development agenda and continue to increase investment in innovative elements. In the first three quarters, the total R&D investment of the entire market was 1.2 trillion yuan. Over the same period, the scale exceeded trillion yuan for 4 consecutive years, up 6.6% year on year, and the growth rate was 2.5 percentage points higher than the previous year. The leading role of leading enterprises in innovation is prominent, with 195 companies investing more than 1 billion yuan in R&D. The R&D intensity of the entire market was 2.2%, and the R&D intensity of GEM, Science and Technology Innovation Board, and Beijing Stock Exchange was 2.0, 7.5, and 1.9 percentage points higher than the overall R&D intensity, respectively. The sense of innovation in the field of “hard technology” has increased significantly, and the R&D intensity of the computer and mechanical equipment industry has exceeded 5%.
5. The investor return mechanism is being improved. As of October 31, a total of 1,089 listed companies in the market announced cash dividend plans for the first quarter, half year, and third quarter of 2026 [6], an increase of 56 over the same period last year. Cash dividends across the market [7] totaled 801 billion yuan, of which 100 companies paid more than 1 billion dollars, and 40 companies paid multiple dividends during the year.
Excluding the suspension of implementation, more than a thousand listed companies issued 2026 repurchase plans, with a cumulative repurchase amount of 112.9 billion yuan. 333 listed companies across the market announced plans to increase their holdings in 2026, of which the number of central state-owned enterprises accounted for nearly 30%.
Since the beginning of the year, medium- and long-term capital, such as social security, pensions, insurance, etc., net purchases of A-shares have exceeded 600 billion yuan. The policy continues to guide long-term capital and patient capital to enter the market. Comprehensive investment and financing reforms have progressed in an orderly manner, and capital market momentum has improved, the structure is improving, and the ecology is improving.
Note:
[1] The data in this article is for listed companies (including B shares) as of October 31, 2026, excluding 5 companies that have been delayed in disclosure, for a total of 5,578 companies. The statistical time is 22:00 on October 31, 2026.
[2] Due to factors such as new listings and delisted companies, the scope of statistics changes from period to period. The “year-on-year” and “month-on-month” described in this article are calculated on a comparable scale.
[3] The net profit in this report refers to net profit attributable to shareholders of listed companies.
[4] The market capitalization statistics sample includes 5 companies that have delayed disclosure. The statistical time is October 31, 2026.
[5] Classified according to the “China Association of Listed Companies Industry Statistical Classification Guidelines for Listed Companies” issued on May 21, 2023.
[6] Includes first quarter, half year, third quarter, and special dividends.
[7] According to the company's total domestic and foreign share capital dividend statistics.
This article was selected from the WeChat account of the “China Association of Listed Companies”, Zhitong Finance Editor: Feng Qiuyi.