China News Service, Shanghai, November 1 (Gao Zhimiao) Reporters learned from the Shanghai Stock Exchange on November 1 that as of now, 614 companies on the Science and Technology Innovation Board have completed the disclosure of their third quarterly reports for 2026 (another three red-chip companies listed in multiple places will disclose in November), achieving a total operating income of 1 514.892 billion yuan (RMB, the same below), a year-on-year increase of 41.88%; net profit was 223.52 billion yuan, a year-on-year increase of 474.56%; net profit after non-deduction was 198.059 billion yuan, a year-on-year increase of 674.17%.
According to reports, the most distinctive structural feature of the performance of the Science and Technology Innovation Board companies in the first three quarters is that the net profit growth rate after non-deduction is significantly higher than the net profit growth rate. The difference between the two is about 200 percentage points, which means that the main business of the Science and Technology Innovation Board companies contributes extremely prominently to profit growth. Looking at the profit growth structure, 322 of the 614 companies achieved net profit growth and 121 doubled their net profits. Driven by industrial prosperity, increased product volume, increased share, and increased production capacity utilization, the performance of key industrial chains such as artificial intelligence, integrated circuits, innovative drugs, and advanced materials increased significantly.
The “subject content” of the Science and Technology Innovation Board continues to increase. In the first three quarters, the total R&D investment of companies on the Science and Technology Innovation Board reached 147.111 billion yuan, a year-on-year increase of 25.83%. The median ratio of R&D investment to operating income was 12.64%, continuing to lead the A-share sectors. The R&D intensity of 188 companies exceeded 20%, accounting for 31% of the total number of companies, an increase of 6 percentage points compared with the same period last year. Among them, the R&D investment of 37 science and technology growth-level companies totaled 14.534 billion yuan, a year-on-year increase of 18%. The median R&D intensity reached 38.26%, and the "intensity" and "thickness" of innovation investment increased simultaneously.
Regarding the performance trends in the fourth quarter of this year and next year, many leading companies have recently given positive outlooks. Changxin Technology's management recently stated that driven by the demand brought about by the rapid development of AI (artificial intelligence) applications, the company still received strong demand for products from server customers in the fourth quarter, and the short supply of DRAM (dynamic random access memory) will continue. The company's revenue in the fourth quarter is expected to continue to maintain a growth trend. China Microelectronics recently stated that in the next few years, it will cover more than 60% of the high-end integrated circuit equipment market and more than 70% of the advanced packaging equipment market through independent development and epitaxial mergers and acquisitions, becoming the world's leading high-end equipment platform company.
