[Zhou Puhan, Chief Strategy Officer of Huafu Securities: The profitability of A-share listed companies improved in the third quarter report, and four industrial chain companies contributed 96.6% of the profit increase] On October 28, in response to the market’s recent verification of the profitability fundamentals of listed companies and the direction of subsequent market interpretation, Zhou Puhan, chief strategy analyst of Huafu Securities, mentioned in an interview with reporters that the current profitability of A-share listed companies continues to repair, and the total volume and structure are improving simultaneously. On the one hand, the performance and profitability of the disclosed three quarterly reports have improved significantly. This round of performance growth combines scale expansion, product structure optimization and profit resilience improvement; on the other hand, 96.6% of the current profit increase is contributed by the four chains of non-ferrous metals, electronics, power equipment and basic chemicals, reflecting China's significant competitiveness in production capacity, technology and cost. The level of independent control of resources continues to improve. The demand side is supported by the expansion of global AI computing power and the growth of new energy installations. In Zhou Puhan's view, industrial advantages will be further transformed into profit advantages. The revenue end of the four chains of non-ferrous metals, electronics, power equipment and basic chemicals all achieved growth of 17% to 38%. (Reporter Lin Jian)