Listed Firms Post 58.5% Jump in Net Profits

BEIJING, Aug. 23 -- Net profits of 1,191 listed companies, which disclosed their performance of the first half year as of Aug 22, increased 58.5 percent year-on-year, to 206.4 billion yuan, Shanghai Securities News reported Monday.

Business revenue of those companies hit 2.12 trillion yuan, up 38.68 percent year-on-year in the first half.

According to statistics, companies that listed on the SME (small and medium-sized enterprises) Board performed better than those listed on the ChiNext Board. About 315 SME Board-listed companies reported 19.03 billion yuan net profits in the first six months of this year, up 42.08 percent year-on-year. Net profits of 81 ChiNext Board-listed companies rose 26.87 percent year-on-year, to 2.46 billion yuan in the first half.

Financial industry remained the most profitable, with over half of the top 10 most profitable enterprises belonging to the industry.
Other industries, such as mechanical equipment, electrical equipment, non-ferrous metals, and biological medicine, food and beverage, retail and other consumption industries, saw better performances.

Despite being adjusted and controlled, 45 real estate companies posted better performances in net profits than in the same period last year.