A-share listed companies have recently entered a dense disclosure period for their third-quarter reports. Taking the Shenzhen Stock Exchange market (hereinafter referred to as the Shenzhen market) as an example, a number of industry-leading companies have delivered solid results, with the new energy industry chain standing out as one of the sectors with the most prominent earnings growth.
On the evening of October 25, Tianqi Lithium Corporation (hereinafter referred to as Tianqi Lithium) disclosed its 2026 third-quarter report. In the first three quarters of 2026, the company achieved operating revenue of 18.279 billion yuan, up 147.11% year on year, and net profit attributable to shareholders of the listed company of 5.602 billion yuan, up 3,013.86% year on year. A person in charge at Tianqi Lithium said the sharp earnings growth was mainly due to the development of the new energy industry and rising downstream demand, with the average selling price of major lithium products significantly higher than a year earlier, while investment income from associate company SQM (Sociedad Quimica y Minera de Chile) also rose substantially year on year.
Also in the new energy industry chain, Huizhou EVE Energy Co., Ltd. (hereinafter referred to as EVE Energy) disclosed its 2026 third-quarter report on the evening of October 23, saying it achieved operating revenue of 73.39 billion yuan in the first three quarters, up 63.08% year on year, and net profit attributable to the parent company of 5.24 billion yuan, up 86.11% year on year. In the third quarter alone, operating revenue reached 27.698 billion yuan, up 64.56% year on year, while net profit attributable to the parent company was 1.939 billion yuan, up 60.18% year on year. By product, in the first three quarters EVE Energy shipped 66.17 GWh of power batteries, up 91.3% year on year, and 67.52 GWh of energy storage batteries, up 39.46% year on year, showing a clear "dual-wheel" driver of power and energy storage.
Beyond the lithium battery mainline, leaders in the wind power and power equipment sectors also maintained steady growth. Goldwind Science & Technology Co., Ltd. achieved net profit attributable to the parent company of 2.875 billion yuan in the first three quarters, up 11.25% year on year, while Sieyuan Electric Co., Ltd. posted net profit attributable to the parent company of 2.403 billion yuan in the first three quarters, up 9.66% year on year.
Qu Fang, an investment advisor at Wanlian Securities, told a reporter that in the first three quarters of this year, rising lithium carbonate prices drove continued earnings growth in the lithium battery sector, while the wind power industry benefited from the gradual fulfillment of earlier orders and higher overseas exports. In the power equipment field, domestic ultra-high-voltage construction has continued to intensify, and China's capabilities in power equipment construction are clearly leading, with medium- and long-term overseas demand expected to provide strong support for companies' performance.
In addition, the artificial intelligence (hereinafter referred to as AI) computing power track saw an earnings explosion. On the evening of October 25, Accelink Technologies Co., Ltd. disclosed its third-quarter report, saying it achieved operating revenue of 11.683 billion yuan in the first three quarters, up 36.94% year on year, net profit attributable to the parent company of 1.284 billion yuan, up 78.65% year on year, and non-recurring net profit of 1.272 billion yuan, up 87.48% year on year. In the third quarter alone, net profit attributable to the parent company reached 702 million yuan, up 102.62% year on year. The company said that, benefiting from the rapid growth in demand for data communication optical modules driven by the global wave of AI computing power capital expenditure, as well as domestic cloud service providers' continued increased investment in data center construction, the company relied on its complete product system covering all scenarios of data centers and communication networks to strongly support steady improvement in operating performance.
On the same day, Shenzhen Demingling Technology Co., Ltd. also disclosed its 2026 third-quarter report, with net profit attributable to the parent company in the first three quarters also achieving substantial year-on-year growth. The company's storage control chip business benefited from the surge in AI-driven data center storage demand. In the first three quarters, it achieved operating revenue of 28.555 billion yuan, up 328.81% year on year, and net profit attributable to shareholders of the listed company of 8.746 billion yuan, up 32,399.91% year on year. The company said in its announcement that during the reporting period, while maintaining a stable supply chain, it stepped up research and development, launched self-developed controllers, enriched its product matrix and optimized its product structure, with the revenue scale and revenue share of its enterprise-level storage business further increasing.
Guo Tao of the China E-commerce Expert Service Center told a reporter that the AI computing power industry chain has seen a boom recovery during the year. As the construction of global intelligent computing centers continues to be implemented, server iteration, high-speed interconnection upgrades and storage capacity expansion have formed a top-down chain of demand pull, directly driving order growth for printed circuit boards, optical modules and storage components. Industry leaders are concentrating on tackling self-developed controllers and high-end processes while accelerating overseas plant construction, a strategic layout for the transformation and upgrading of China's hardware industry and its adaptation to global competition. In the future, industry prosperity will shift from a broad-based rise to a structurally differentiated market led by leading companies.
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