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The disclosure of 2024 semi-annual reports by A-share listed companies is about to enter its peak period.

In the first half of 2024, the domestic economy is generally stable, but it still faces many challenges. Reflected in the financial performance of listed companies, the "Matthew effect" of the strong getting stronger has intensified, performance has been clearly differentiated, and some companies are facing difficulties, but there are also a number of companies that have demonstrated strong innovation capabilities and development potential, and their performance has steadily improved.

iFinD data shows that as of press time, 174 A-share listed companies have disclosed their semi-annual results. Among them, 154 companies have achieved profitability, accounting for 88.51% of the companies that have disclosed their results; 115 companies have achieved year-on-year growth in net profit, accounting for 66.09%.

154 companies achieved profitability, accounting for over 88%

According to iFinD data, as of August 8, a total of 174 A-share listed companies have disclosed their 2024 semi-annual reports, of which 154 were profitable, accounting for 88.51% of the disclosed companies, and the remaining 20 recorded losses.

In terms of net profit, a total of 154 companies achieved profits in the first half of this year, and three companies achieved net profits of over 10 billion yuan, namely China Mobile (80.2 billion yuan), CATL (22.865 billion yuan) and Bank of Nanjing (11.594 billion yuan). The fourth and fifth places were Huaneng International (7.454 billion yuan) and WuXi AppTec (4.240 billion yuan). However, WuXi AppTec (603259.SH) saw its net profit drop by 20.20% year-on-year, becoming the only company among the top five to see a decline in net profit.

In terms of the change in net profit, the net profit of 115 companies increased year-on-year, the net profit of 59 companies decreased year-on-year, and the net profit of 29 companies increased by more than 100% year-on-year.

Among the companies that have disclosed their semi-annual reports, Yichang Technology (002420.SZ) had the highest increase in net profit, up to 6217.42%, which is enough to stand out from the crowd. In addition to Yichang Technology, three other companies increased their net profit by more than 10 times, namely Rijiu Optoelectronics, Lubei Chemical, and Zhengdan Co., Ltd., with increases of 1704.96%, 1063.27%, and 1015.51% respectively.

By region, profitable companies are mainly concentrated in Guangdong, Jiangsu, Zhejiang, Shanghai, Shandong and other provinces, with the number of profitable companies being 25, 24, 14, 13 and 13 respectively.

By industry, profitable companies are mainly concentrated in basic chemicals, pharmaceuticals and biology, power equipment, electronics, and mechanical equipment, with 17, 16, 12, 12, and 11 profitable companies respectively.

20 companies recorded net losses

As of August 8, among the listed companies that have disclosed their semi-annual results, a total of 20 companies recorded net losses, accounting for only 11.49%. The top five companies with the largest losses were Lanfeng Biochemical, Huasu Co., Ltd., Yinglite, Nanwei Software, and Aoke Co., Ltd., with net losses of 178 million yuan, 153 million yuan, 124 million yuan, 120 million yuan, and 99.4005 million yuan, respectively.

It is worth noting that the net profit of 10 companies fell by more than 100%. Huaan Xinchuang, Baolijia, Houpu Co., Ltd., Nanwei Software, and Longyun Co., Ltd. ranked at the top, with net profit declines of 2669.76%, 1393.90%, 424.55%, 329.71%, and 316.77% in the first half of the year, respectively.

In terms of industries, the listed companies that recorded losses were mainly concentrated in the basic chemical industry, with 7 loss-making companies, far higher than the computer (3) and mechanical equipment (2) industries. This shows that within the basic chemical industry, there is also a trend of polarization.