Most of the 251 companies listed on the Chinese market also reported an increase in revenues in the first half of the year
Companies listed on the Beijing Stock Exchange maintained stable operations in the first half of the year, according to data released by the exchange on Monday (September 2, 2024).
More than 60% of the 251 listed companies reported revenue growth and more than 80% achieved profitability in the period, the exchange said.
The combined operating revenue of listed companies was 78.5 billion yuan (US$11.05 billion) and net profit attributable to shareholders was 5.4 billion yuan (US$760 million) in the period.
Currently, more than 50% of the companies listed on the stock exchange are included in the national catalog of “small giants”, which are the new elites of small and medium-sized companies that are dedicated to manufacturing, specialize in a market niche and have cutting-edge technologies.
In the second quarter of the year, the combined operating revenue and net profit attributable to shareholders of these companies stood at 22.01 billion yuan (US$3.1 billion) and 1.67 billion yuan (US$240 million), respectively.
In the first half of the year, listed companies invested a total of 3.73 billion yuan (US$530 million) in research and development, an increase of 2.47 percent year-on-year.
At the end of June, the number of qualified investors on the stock exchange approached 7.05 million, an increase of 292,300 compared to the end of last year.
With information from Xinhua.
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