Over 80% of companies listed on Beijing bourse report profitability in H1

WAM
03 Sep 2024, 11:14 GMT+10

BEIJING, 3rd September, 2024 (WAM) -- Firms listed on the Beijing Stock Exchange maintained steady operations in the first half of the year, according to data released by the bourse on Monday.

More than 60 percent of the 251 firms listed on the bourse reported revenue growth, and more than 80 percent achieved profitability in the period, Xinhua News Agency quoted as saying.

The combined operating revenue of the listed companies was 78.5 billion yuan (about US$11.05 billion), and their net profit attributable to shareholders stood at 5.4 billion yuan during the period, the data showed.

Currently, more than 50 percent of the firms listed on the bourse are included in the national catalogue of "little giants," which are the novel elites of small and medium-sized enterprises engaged in manufacturing, specialising in a niche market and boasting cutting-edge technologies.

In the second quarter of the year, these firms' combined operating revenue and net profit attributable to shareholders stood at 22.01 billion yuan and 1.67 billion yuan, respectively.

In the first half, firms listed on the bourse invested a total of 3.73 billion yuan in research and development, up 2.47 percent year-on-year.

As of the end of June, the number of qualified investors on the bourse has neared 7.05 million, an increase of 292,300 from the end of last year, the data showed.

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