[One picture to understand the third quarterly report of 2026: 20 non-financial real estate stocks have free cash flow exceeding 10 billion, electronics, non-ferrous metals, and trade and retail performance have outstanding growth rates] November 2nd, October 31st, the disclosure of the A-share third quarterly report of 2026 officially ended. Data show that in the first three quarters, listed companies achieved a total of 5.1 trillion yuan in net profit attributable to their parent companies, a year-on-year increase of 7.8%; profitable stocks accounted for nearly 73.1%, of which nearly 40% of stocks were profitable and had positive year-on-year net profit attributable to their parent companies. Looking at industry performance, nearly 55% of Shenwan’s primary segments achieved year-on-year growth in net profit attributable to the parent company. Among them, the electronics sector was the only one with a growth rate of more than 2 times, and non-ferrous metals, trade and retail, computer and other sectors also achieved high growth. Divided into secondary sectors, after excluding loss-turning factors, the semiconductor, non-metallic materials, other electronics, and energy metal sectors had the most outstanding profit performance in the first three quarters, with year-on-year growth rates exceeding 2 times. Looking at a single quarter, professional chain stores, semiconductors, general tourism, travel retail, and other electronics sectors ranked among the top in terms of year-on-year growth in the third quarter. In terms of individual stocks, in the first three quarters of 2026, a total of 86 stocks’ net profit attributable to the parent company increased by more than 10 times year-on-year; After excluding the stocks that turned losses into profits, there are still 50 stocks whose performance increased by more than 10 times year-on-year. Among them, Baiwei Storage, Ganfeng Lithium Industry, Dongyue Silicon Materials, and ST Xiwang all grew by more than 100 times. Looking at the third quarter alone, among the non-loss-turning stocks, companies such as Hengyi Petrochemical, Baiyin Nonferrous Metals, Western Ventures, Hebai Group, and Meibang Technology saw a relatively significant year-on-year increase in net profit attributable to their parent companies. From the perspective of cash generation ability, after excluding financial and real estate stocks, there are 20 individual companies with free cash flow of more than 10 billion. Among them, Changxin Technology, CNOOC, China Shenhua, PetroChina, Midea Group, and Zijin Mining all exceeded 50 billion yuan.