According to reports, JPMorgan has published a research note predicting that the performance of mainland automakers in Q3 will broadly meet expectations, with profitability improving compared to the previous quarter. The bank believes that Geely Auto's (GEELY AUTO) profit uptrend will continue, boosted by the launch of higher-priced new models, with significant potential for profit improvement. They have raised their forecasts for 2025 and 2026 by approximately 13%. The bank also noted that auto shows or overseas launches will impact industry and stock performance, such as LEAPMOTOR's (LEAPMOTOR) first large six-seater SUV being unveiled in Paris on October 16, BYD's (BYD COMPANY-100) new design announcements at the Tokyo and Guangzhou auto shows, and XPENG-W's (XPENG-W) detailed introduction of its humanoid robot roadmap. On the policy front, the bank believes there is a 50% chance that national subsidies or other forms of stimulus will continue, possibly announced in January next year. Additionally, they anticipate that domestic passenger car demand will remain flat or decline by 3-5%. Consequently, exports and increasing domestic market share will be crucial for automakers.