政府新闻
沪市主板上半年成绩单：近九成公司实现盈利 2023-09-04
Nearly 90% of Firms Listed on Shanghai’s Main Board Turned a Profit in First Half
Almost 90 percent of companies that have gone public on the main board of the Shanghai Stock Exchange made money in the first half, with firms in the food and beverage, beauty, household appliance and tourism sectors doing particularly well as offline consumption experiences a rebound.
Overall, the net profit of the 1,685 companies listed on the main board of the Shenzhen bourse dipped 2 percent as of Aug. 31 from a year ago to CNY2.3 trillion (USD316.7 billion), while revenue climbed 2 percent to CNY24.9 trillion, according to the latest data.
Hotels, restaurants, tourism firms and cinemas saw a remarkable turnaround with profit close to 2019 levels. Net profit at brick-and-mortar department stores surged 46 percent over the period, that of railways and highways soared 73 percent while the losses of airlines and airports narrowed 80 percent. But net profit in the auto industry only edged up 3 percent.
However, producers in the coal, nonferrous metals, petroleum, paper, rubber and plastics industries made less profit than the same time last year as bulk commodity prices slide. But that of power generation firms surged nearly 30 percent.
Income from overseas clients plunged 10 percent in the first six months year on year, according to the almost 600 companies that disclosed these figures. Those in the agrochemical products, glass fiber, textile and clothing sectors logged the biggest drops.
However, less than half of the small science and technology innovation firms listed on Shanghai’s Nasdaq-style Star Market achieved profit growth. These companies have a large outlay on research and development and are more susceptible to fluctuations in industries and changes in demand.
The net profit of the 546 companies listed on the Star Market sank 39 percent in the six months ended June 30 from the previous year to CNY40.6 billion (USD5.6 billion), while revenue climbed 5 percent to CNY627.2 billion (USD86.5 billion). R&D spending jumped 19 percent to CNY70.6 billion.
Although new energy and high-end equipment companies are the best performers on the Star Market, there has been a decline in overall performance as demand for chip design, manufacturing, packaging and testing services remains sluggish.
Source: Yicai Global
