On November 2, the China Association for Public Companies unveiled its operational performance report for the third quarter of 2025. The report reveals that in the first three quarters of the year, 17 out of the 19 industry sectors managed to turn a profit. Specifically, nine industries witnessed positive revenue growth, ten industries reported an uptick in net profit, and seven industries achieved simultaneous growth in both revenue and net profit.

The real economy is on a trajectory towards intelligence, environmental sustainability, and integration, with advanced manufacturing emerging as a pivotal growth engine. The rapid evolution of text-to-video models has spurred an increased demand for AI data storage. Consequently, listed companies in the memory chip sector saw their revenue and net profit surge by 16.08% and 26.44%, respectively.

Notably, significant strides have been made in all-solid-state battery technology, which holds the promise of substantially extending the driving range of new energy vehicles. Listed companies in related sectors reported revenue and net profit growth rates both surpassing 20%.

The global resource trade landscape has become increasingly fragmented, with core industries such as superhard materials and rare earths experiencing revenue growth of 10.48% and 7.11%, respectively. Initial success has been achieved in combating "anti-involution" (a term referring to excessive competition leading to diminishing returns), with key industries like photovoltaic equipment and cement implementing production controls and quality enhancement measures. These efforts have led to a reduction in losses for multiple listed companies.