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companies rose 11.6 per cent from a year ago, compared with a 1.2 per cent increase in the second quarter and 3.2 per cent growth in the January-March period, according to China Merchants Securities. Technology companies led the surge, while commodity producers and financial companies saw evident improvement in earnings, the brokerage said.The positive reading on the quarterly results is expected to add support to a solid run in Chinese stocks that has been fuelled by the migration of bank savings to risk assets and hopes that Beijing will ramp up efforts to overcome deflation. A recovery in earnings growth is critical to the stock rally, particularly after valuations have expanded amid rising risk appetite among investors.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team."Looking forward, corporate earnings will continue to get support from tech self-reliance, the anti-involution campaign [of reducing excess output] and a detente in China-US tensions," said Zhang Xia, an analyst at China Merchants Securities. "The TMT [technology, media and telecoms] and resource sectors are expected to maintain relatively fast earnings growth, and the non-financial sector is also expected to benefit from a low base in the fourth quarter."The performance of Cambricon Technologies in the third quarter highlights the tech sector's earnings boom. Photo: Shutterstock alt=The performance of Cambricon Technologies in the third quarter highlights the tech sector's earnings boom. Photo: Shutterstock>Mainland-listed companies were required to disclose third-quarter results by the end of October, according to exchange rules.The standout performers were tech companies. Quarterly profit for companies on the tech-heavy Star Market of the Shanghai exchange jumped 63.4 per cent year on year, while the growth rate for those on Shenzhen bourse's ChiNext board of small growth companies was 34.9 per cent, according to China Merchants Securities. Profit growth for companies on the main boards of the two exchanges was 10.4 per cent.Highlighting the tech sector's earnings boom, Cambricon Technologies - an artificial-intelligence chipmaker often referred to as China's Nvidia - swung to profit in the third quarter after reporting a 14-fold jump in revenue. The stock has more than doubled this year on the Star Market.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,895.25 +21.25 (+0.31%)Dow Futures47,764.00 +42.00 (+0.09%)Nasdaq Futures26,133.50 +129.50 (+0.50%)Russell 2000 Futures2,491.80 +1.90 (+0.08%)VIX17.80 +0.36 (+2.06%)Gold4,011.70 +15.20 (+0.38%)PortfolioSign in to access your portfolioSign inTop gainersBHF Brighthouse Financial, Inc. 57.07 +11.38 (+24.91%)ILMN Illumina, Inc. 123.54 +24.53 (+24.78%)TWLO Twilio Inc. 134.88 +22.02 (+19.51%)TVTX Travere Therapeutics, Inc. 35.16 +5.51 (+18.58%)BFAM Bright Horizons Family Solutions Inc. 109.23 +16.95 (+18.37%)Top losersATGE Adtalem Global Education Inc. 98.02 -43.75 (-30.86%)SPSC SPS Commerce, Inc. 82.24 -21.65 (-20.84%)TBBK The Bancorp, Inc. 65.37 -11.83 (-15.32%)DXCM DexCom, Inc. 58.22 -9.98 (-14.63%)ABR Arbor Realty Trust, Inc. 10.09 -1.46 (-12.64%)Most activeNVDA NVIDIA Corporation 202.49 -0.32 (-0.16%)AMZN Amazon.com, Inc. 244.22 +21.36 (+9.58%)PFE Pfizer Inc. 24.65 +0.36 (+1.48%)OPEN Opendoor Technologies Inc. 7.77 +0.43 (+5.86%)ONDS Ondas Holdings Inc. 6.44 +0.15 (+2.38%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 107,430.22 -3,239.22 (-2.93%)ETH-USD Ethereum USD 3,710.50 -154.41 (-4.00%)HKD AMTD Digital Inc. 2.9500 +1.2600 (+74.56%)PLTR Palantir Technologies Inc. 200.47 +5.92 (+3.04%)XRP-USD XRP USD 2.40 -0.12 (-4.73%)Top economic events