China's listed companies record steady operation in H1

Xinhua
02 Sep 2024, 09:45 GMT+10

BEIJING, Sept. 2 (Xinhua) -- Companies listed on China's A-share market maintained steady operation in the first half (H1) of the year, data from the China Association for Public Companies showed.

The combined operating revenue of the listed companies reached 34.89 trillion yuan (about 4.9 trillion U.S. dollars) during this period and their net profits stood at 3.13 trillion yuan, the association said, citing the H1 financial statements of 5,340 firms.

Among the firms that have released their financial statements, a total of 3,032 reported revenue growth, while 4,141 of these firms achieved profitability in H1, according to the data.

Listed companies continued to increase investment in research and development (R&D) of both new technologies and new products in this period. Their total R&D investment increased by 1.3 percent year on year to 750 billion yuan, the association revealed.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

null in null

International

Section

Summer travel in chaos as French air traffic controllers walk off job

PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...

Congress weighs Medicaid cuts, sparking alarm in small-town hospitals

OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...

Gas station blast injures 40 in Rome, kids narrowly escape

ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...

Weapons pause by Trump signals shift away from foreign wars

WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...

Moscow removes Taliban from banned list, grants official status

MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...

Netanyahu vows 'No Hamas' in postwar Gaza amid peace talks

CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....

Asia Business

Section

Trump admin allows GE to restart engine sales to China’s COMAC

WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

"Will take Opposition leaders into confidence on formation of corporations under Greater Bengaluru Authority": DK Shivakumar

Bengaluru (Karnataka) [India], July 7 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Monday said that the Greater Bengaluru...