STAR Market firms post 674% YoY rise in adjusted net profit for first three quarters

The gap between adjusted and reported profit growth is the real signal here: it suggests earnings quality improved rather than being flattered by one-off items, a meaningful distinction for a board built around hard-tech names. Because the disclosure covers all 614 listed companies, this reads as a broad-based rather than narrow recovery, which matters for anyone tracking the STAR Market as a proxy for China's tech-sector fundamentals. The open question is whether that core-operating momentum persists into the fourth quarter, or whether the first three quarters reflect a low base and cyclical tailwinds.