132 of 159 A-share firms issue positive Q3 earnings forecasts

The early-window composition matters more than the headline share: pre-increases and turnarounds together dominate the positive guidance, which points to genuine earnings acceleration rather than marginal beats, though the sample is still only 159 firms and self-selected by those reporting early. The clustering of more than 100% growth forecasts, including a handful above 10x, suggests low-base effects are doing much of the work in the strongest cases, so the quality of the upside is the open question. Whether the positive skew holds as disclosure broadens beyond this initial group is worth watching.