Shenwan Hongyuan Group stated that the profit growth of Chinese mainland listed companies in the first three quarters slowed down compared to the first half of the year. They anticipate that third-quarter financial reports will show a slight decrease in profit growth, which could put further pressure on the Chinese stock market. This forecast is based on government data for industrial profits, which has a high historical correlation with the earnings of listed companies. Previously, the benchmark CSI 300 Index had entered a bear market due to weaker-than-expected stimulus measures and the impact of AI trading. Analysts at BNP Paribas believe that the 12-month forward earnings forecasts for technology, industrial, and materials companies have been raised, while those for consumer companies have been lowered. They expect the technology sector to be the only sector with an upward revision in earnings forecasts by 2027.