Shanghai Stock Exchange data as of Oct 27: 186 STAR Market companies have
disclosed Q3 results, reporting aggregate revenue CNY 426.676 bln, up 31.54%
YoY, and aggregate net profit CNY 38.953 bln, up 57.39% YoY. Hard-tech momentum
remains intact. Fourteen STAR 50 constituents accounted for 29% of revenue and
47% of net profit, underpinning the board's performance. Net profit growth
materially outpaced revenue growth, indicating STAR Market leaders are expanding
scale while improving profitability.