Chinese profits rose 25.7%. The CSI 300 fell 9% and the Star 50 fell 29%
THE SO WHAT
Onshore Chinese profits up 25.7% — heavily in AI‑linked firms — while the CSI 300 and Star 50 drop 9% and 29% shows public markets are treating AI capex as a drag, not a moat. If you’re spending heavily on AI, be ready to articulate payback windows and unit‑economics impact, or investors may discount your earnings the same way.
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