in the first half of the year, shanghai-listed companies achieved a total revenue of nearly 2.5 trillion yuan
2024-09-03
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original title: shanghai-listed companies achieved a total revenue of nearly 2.5 trillion yuan in the first half of the year
china securities journal reporter huang yiling
as of august 31, shanghai-listed companies have completed the disclosure of their 2024 semi-annual reports. overall, in the first half of the year, the overall performance of shanghai-listed companies remained stable, with a total operating income of 24.94 trillion yuan, basically the same as the previous year; net profit of 2.36 trillion yuan, a slight decrease of 1.4% year-on-year; net profit after deducting non-operating items of 2.26 trillion yuan, an increase of 0.3% year-on-year.
the growth rate of shanghai-listed companies' performance in the second quarter returned to an upward track. data showed that shanghai-listed companies achieved a total net profit of 1.18 trillion yuan and a net profit of 1.13 trillion yuan after deducting non-operating items in the second quarter, up 2.4% and 2.6% year-on-year respectively.
about 80% of shanghai-listed companies achieved profitability in the first half of the year
according to statistics, in the first half of the year, about 80% of shanghai-listed companies achieved profitability, of which more than 850 companies saw year-on-year net profit growth, nearly 240 companies saw net profit growth of more than 50%, more than 120 companies saw growth of more than 100%, and more than 110 companies turned losses into profits.
in terms of industries, more than 90% of shanghai-listed companies maintained profitability in the first half of the year. social services, automobiles, nonferrous metals, utilities, light manufacturing, food and beverages, electronics and other industries saw the largest growth in net profit, with year-on-year growth rates of 378%, 45%, 43%, 22%, 18%, 17% and 12% respectively. agriculture, forestry, animal husbandry and fishery, steel, non-bank financial services, basic chemicals and other industries showed a good recovery momentum in the second quarter, with growth rates accelerating by 278, 200, 58 and 24 percentage points respectively compared with the first quarter.
in terms of r&d, shanghai-listed companies continued to increase their investment in technological innovation in the first half of the year. among them, the total r&d investment of physical companies was nearly 430 billion yuan, an increase of about 4% year-on-year, and 92 companies won the national science and technology award in 2023. the r&d investment of the science and technology innovation board hit a new high, with a cumulative investment of more than 78 billion yuan, an increase of about 10% year-on-year, and the median r&d investment intensity reached 12%; 10,000 new invention patents were added, and a total of more than 110,000 invention patents were obtained.
actively participate in the reconstruction of the global industrial chain and supply chain
in the first half of the year, more than 720 shanghai-listed companies disclosed their overseas business data, with a total overseas revenue of 2.95 trillion yuan, a year-on-year increase of 7%.
among them, the characteristics of technological progress and product iteration driving export growth are more obvious. for example, under the global wave of electrification, shanghai-listed auto companies have stepped up their core technology research and product iteration. great wall motors, saic group, and gac group have achieved a total overseas sales of more than 800,000 vehicles, a year-on-year increase of 20%. "one car going overseas drives the entire chain", and the overseas revenue of 42 shanghai-listed auto parts companies increased by 8% year-on-year.
leading technology companies represented by the science and technology innovation board are actively competing for high-level international markets and have performed more prominently. in terms of market position, 35 companies on the science and technology innovation board, such as jinkosolar and zhongfu shenying, rank first in the world in sub-industries or single products; a number of products of innovative pharmaceutical companies have successfully entered the european and american markets, and overseas revenue has increased by 253% year-on-year. in terms of technological advancement, companies on the science and technology innovation board are anchored at the international advanced level. many key technologies of 12 semiconductor equipment companies such as china micro have broken through overseas monopolies and are constantly iterating to high-end. in terms of international standard setting, companies on the science and technology innovation board actively participate in the formulation of international standards in multiple sub-sectors. advanced rail transit companies such as times electric and china railway construction heavy industry have hosted and participated in more than 50 international standards, and strive to enhance the international influence of chinese standards and chinese equipment.
the export pattern of shanghai-listed companies is becoming increasingly diversified, and cooperation with developing economies is becoming closer. in the first half of the year, 76 shanghai-listed companies announced the establishment of new overseas subsidiaries, investment projects and other overseas actions, and as many as 50 of them mentioned "asia" or "southeast asia". in the construction of the "belt and road initiative", shanghai-listed companies actively participated in the reconstruction of the global industrial chain and supply chain. a series of landmark projects participated in by china railway group and china railway construction corporation have been implemented one after another; jinkosolar and saudi public investment fund invested us$985 million to jointly build a 10gw high-efficiency battery module project to help the clean energy transformation in the middle east.
real money returns to investors
since the beginning of this year, more than 1,000 companies in the shanghai stock exchange have disclosed special action plans for "improving quality, increasing efficiency and focusing on returns", and more than 400 companies have disclosed semi-annual evaluation reports.
the 2024 semi-annual report further confirmed the effectiveness of the "quality and efficiency improvement" measures of shanghai-listed companies. according to statistics, among the shanghai-listed companies that released action plans, nearly 200 companies achieved year-on-year growth of more than 50%.
at the same time, the companies on the science and technology innovation board actively took advantage of the "eight measures for the science and technology innovation board" to grow bigger and stronger through industrial mergers and acquisitions, launching 14 merger and reorganization cases with an amount exceeding 3 billion yuan, which is twice the same period last year. among them, the valuation appreciation rate of the acquisition target of puyuan jingdian, naisu electronics, exceeded 900%, and the transaction plan took 45 days from filing to registration with the china securities regulatory commission, becoming the first registered share issuance transaction after the release of the "eight measures for the science and technology innovation board".
in terms of investor returns, shanghai-listed companies' mid-term dividends have seen a surge, with 337 companies paying dividends, up 343% year-on-year, and a total dividend amount of nearly 500 billion yuan, up 156% year-on-year. among them, the amount of dividends paid to domestic investors was nearly 300 billion yuan, up 193% year-on-year. more than 10 companies, including china mobile, petrochina, and ping an of china, paid mid-term dividends of more than 10 billion yuan.
while giving back to investors with real money, shanghai-listed companies also boosted market confidence through repurchases and share purchases. since 2024, more than 560 new repurchase plans have been launched, with a maximum repurchase amount of nearly 80 billion yuan; more than 350 new share purchase plans by major shareholders, directors, supervisors and senior executives have been launched, with a maximum share purchase amount of about 33 billion yuan.
source: china securities journal
