In the third quarter of 2026, demand for AI grew broadly, but differences in companies’ ability to pass on costs led to a widening gap in profits. J.P. Morgan upgraded Meitu, downgraded Kingsoft Office, and compared the enterprise progress of Kingdee and Yonyou.
Seedance’s overseas revenue grew nearly 5-fold over the past six months; Guangdong has proposed developing “AI + consumption.” Meanwhile, mainland Chinese A-shares weakened on lower turnover, and a subsidiary of Yunnan Germanium signed a long-term supply agreement for indium phosphide substrates.
Cailian Press cited brokerage views that improving model capabilities and falling inference costs are driving AI competition toward product experience and commercialization; related companies are developing enterprise services and robotics applications.
Heavy-duty robots are beginning to cover multiple production-line processes, while competition in AI applications is extending to products and commercialization. But market turnover contracted on 26 October, and the numbers of high-turnover robotics and AI companies fell at the same time. Industrial progress and trading activity need to be assessed separately.
A compilation by Cailian Press shows that enterprise AI has entered finance, auditing and manufacturing, while tight AWS capacity supports a positive assessment of the computing-power supply chain. The extent to which domestic suppliers benefit depends on specific products and deliveries, and the market’s rebound on higher volume coincided with a decline in the number of companies hitting new highs.
