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▲ Unitree, a robotics company listed on the Shanghai Stock Exchange, is seen this year.
Chinese listed companies posted a net income equivalent to about KRW 700 trillion in the first half of this year.
According to a report by the China Association of Public Companies today (the 3rd), as of August 31, 5,557 out of 5,558 companies listed on the Shanghai, Shenzhen, and Beijing stock exchanges had disclosed their semi-annual performance reports. Total revenue for listed companies in the first half of the year reached 37.76 trillion yuan (approx. KRW 7,640 trillion, up 7.6% year-on-year), and net income was recorded at 3.58 trillion yuan (approx. KRW 724 trillion, up 19.5% year-on-year).
The China Association of Public Companies explained that three-quarters of all listed companies were in the black, and about 40% saw an increase in net income.
The report noted that the ChiNext market on the Shenzhen Stock Exchange, consisting of IT and venture firms, saw a 22.3% increase in revenue and a 32.7% jump in net income. Meanwhile, revenue for companies listed on the sci-tech innovation board (STAR Market) of the Shanghai Stock Exchange grew by nearly 40%, with net income expanding 4.4-fold.
State-owned listed companies experienced a 0.5% drop in net income over the past year, but rebounded to a 12.4% increase in the first half of this year.
Private listed companies saw their net income grow by 8.7% over the course of last year, but accelerated their growth to 29.6% in the first half of this year.
The report analyzed that "the supporting role of hard tech companies became prominent, and the net income of the integrated circuit industry surged 2.4-fold as an independent AI ecosystem was established using 'domestic models and domestic chips.'"
It also stated that "as domestically produced innovative drugs entered the commercialization stage, the net income of the biopharmaceutical industry increased by 9.9%. With technological breakthroughs in core areas such as advanced machine tools and aerospace, revenue and net income for advanced equipment manufacturing rose 13.1% and 16.7%, respectively."
However, regarding the new energy vehicle (electric, hydrogen, and hybrid vehicles) industry, where profitability has deteriorated due to overproduction and low-price cutthroat competition, the report only announced that listed companies' revenue grew by 15.9% and did not mention the increase or decrease in net income.
The report explained that 3,196 listed companies disclosed overseas revenue in the first half of this year, with total overseas revenue reaching 6.06 trillion yuan (approx. KRW 1,225 trillion), an increase of 22.9%.
By sector, exports of electronic components in the AI hardware segment surged by 62.6%, and overseas revenue of listed electronics companies grew by more than 40%, according to the report.
The report also noted that exports of lithium batteries and wind power equipment increased by over 30%, overseas revenue of energy storage industry-listed companies rose by 27.1%, and exports of ships and marine engineering equipment grew by 19.9%.
The report stated that there were 102 newly listed companies this year, primarily centered around the electronics and machinery equipment sectors, while 21 companies were delisted.
As of August 31, 872 listed companies had announced their first-quarter and first-half cash dividend plans, an increase of 54 compared to the same period last year.
The total amount of cash dividends stood at 740.3 billion yuan (approx. KRW 150 trillion), with an overall dividend payout ratio of 28.7%.
In addition, 1,051 listed companies announced share buyback plans this year, with the planned buyback amount reaching 220 billion yuan (approx. KRW 44 trillion), the report added.
※ Please note: This article was translated by AI and may contain errors.
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