the overall profitability of listed companies in 2024 semi-annual reports has increased slightly
2024-09-09
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our reporter liu hui
the disclosure of interim reports of listed companies in 2024 has come to an end. wind data shows that the total operating income of 5,346 listed companies that disclosed interim reports was 34.87 trillion yuan, a year-on-year decrease of 0.51%; the net profit attributable to the parent company was 2.9 trillion yuan, a year-on-year decrease of 3.09%. data from the china association of listed companies shows that as of august 31, 5,340 listed companies achieved operating income of 34.89 trillion yuan and net profit of 3.13 trillion yuan. among them, 3,032 companies achieved positive revenue growth, and 4,141 companies achieved profitability, accounting for about 78%.
continuous optimization of industrial layout and product structure
wind data shows that in the first half of 2024, the cumulative year-on-year growth rates of revenue of all a-shares, all non-financial a-shares, and all non-financial petrochemical a-shares were -0.51%, -0.57%, and -0.84%, respectively. from 2021, the revenue growth rate of major sectors has shown a downward trend as a whole. in the first half of 2024, the revenue growth rates of all main boards, gem, sci-tech innovation board, and beijing stock exchange were -0.78%, 2.73%, 2.77%, and -7.15%, respectively. the cumulative net profit attributable to the parent of all a-shares decreased by 3.09% year-on-year. from 2021, the growth rate of net profit attributable to the parent of major sectors has shown a downward trend as a whole. in the first half of 2024, the net profit attributable to the parent of all main boards, gem, sci-tech innovation board, and beijing stock exchange were -2.82%, -3.99%, -25.06%, and -19.70%, respectively.
the overall profitability of a-shares has increased slightly, and the overall sales gross profit margin of a-shares in the first half of the year was 17.89%. in terms of industries, the growth rates of food and beverage, automobiles, technology hardware and equipment, and public utilities are relatively leading in the major industries. the revenue growth rate of the two major industries of technology hardware and equipment and transportation is the fastest year-on-year, both exceeding 10%. the growth rate of six industries such as automobiles and auto parts, insurance, software and services is above 5%. compared with the first half of the past five years, the revenue growth rate of the technology hardware and equipment and insurance industries has reached a new high. the net profit attributable to the parent companies of the three industries of food, beverage and tobacco, automobiles and auto parts, and technology hardware and equipment has increased the fastest year-on-year, all exceeding 20%. the growth rate of the four industries of public utilities, transportation, insurance, and household and personal products is relatively high, at more than 10%. compared with the first half of the past five years, the growth rate of net profit attributable to the parent companies of the food, beverage and tobacco and public utilities industries has reached a new high.
in the first half of 2024, 2,612 a-share companies achieved positive growth in net profit attributable to their parent companies, accounting for 49%. among them, 617 companies had a net profit growth of more than 100%, 396 companies between 50% and 100%, and 1,599 companies below 50%, accounting for 12%, 7% and 30% respectively. the net profit of 2,734 companies showed negative growth. in the revenue rankings in the first half of the year, the top three companies all exceeded one trillion yuan, and the "two oil barrels" ranked first and second on the list. after excluding petroleum, petrochemical and financial companies, china construction ranked first with a revenue of 1.14 trillion yuan, followed by china mobile, china railway group and china railway construction, with revenue exceeding 500 billion yuan in the first half of the year. in terms of listed company profits, most of the top ten are from the financial industry, with icbc, ccb, abc and boc all ranking in the top four with net profits exceeding 100 billion yuan.
in the science and technology innovation board, the top ten companies in terms of profits mainly come from energy and semiconductor companies. baili tianheng-u ranked first with a net profit of 4.67 billion yuan. in the gem, catl ranked first with a net profit of 22.86 billion yuan. in the beijing stock exchange, bettery ranked first with a net profit of 490 million yuan. from the perspective of the growth rate of a-share net profit in the first half of the year, amway, aili home furnishing, and yichang technology ranked first, with net profit growth of 9821%, 8516%, and 6217% in the first half of the year, respectively.
a relevant person in charge of the china association of listed companies told a reporter from china economic times that my country's listed companies are continuously optimizing their industrial layout, product structure, and market expansion, striving to achieve a virtuous mutual promotion of value creation and investor returns, and building momentum for high-quality development.
industrial production performance is obviously differentiated
data from the china association of listed companies shows that industrial production performance is clearly differentiated. in the first half of the year, the net profits of the upstream mining industry, electricity, heat, gas and water production and supply industry increased by 1.36% and 17.84% respectively. the overall profit of the manufacturing industry has declined, among which the electronics and light manufacturing industries have achieved good growth, with a net profit growth rate of more than 15%. in the first half of the year, listed companies achieved overseas business revenue of 3.83 trillion yuan, a year-on-year increase of 12.84%. from the "new three things" to electronics, biomedicine and other industries, listed companies are accelerating their global layout.
in the industrial sector, the interim performance of listed companies in the chemical and mechanical equipment sectors is stable. liang bo, chief chemical industry researcher at industrial bank research, told china economic times that judging from the interim data of 418 basic chemical listed companies, the main features are increased revenue but not increased profits, intensified sector differentiation, slowed capital expenditures, and expanded r&d investment. in the first half of the year, the basic chemical sector achieved revenue of 1,078.4 billion yuan, a year-on-year increase of 2.1%; net profit of 69.9 billion yuan, a year-on-year decrease of 5.6%. among them, 351 companies made profits and 67 lost money, with a loss ratio of about 16%, which is the same as the same period in 2023. judging from the trend of change, 185 companies have increased their net profits, 33 companies have remained the same, and 200 companies have declined. there is a clear differentiation between the sub-sectors of basic chemical companies.
looking ahead to the second half of the year, liang bo said that the road to recovery for the basic chemical industry is still tortuous. on the supply side, new production capacity is still being put into production. on the demand side, although domestic demand has stabilized, there is still great uncertainty in the foreign demand market. the pressure of oversupply of some basic chemical products still exists. under the trend of park layout, green technology, and high-end products, the operating conditions of enterprises will accelerate differentiation. the market space of some enterprises with unreasonable production capacity layout, backward technology, and insufficient product differentiation will be further squeezed. enterprises that actively optimize production capacity layout, develop new processes, and promote product upgrades are expected to win in the fierce competition. it is expected that by the second half of 2025, market supply and demand will tend to balance, and the prosperity of the basic chemical industry will be significantly improved.
in the first half of 2024, the mechanical equipment sector achieved operating income of 924.9 billion yuan, a year-on-year increase of 4.1%; and achieved a net profit of 67.2 billion yuan, a year-on-year decrease of 0.9%. there are many sub-sectors of mechanical equipment. among them, the metal products industry achieved operating income of 146.3 billion yuan, a year-on-year increase of 31.7%, which is the sector with the highest growth rate; the grinding tool and abrasive industry achieved operating income of 7.3 billion yuan, a year-on-year decrease of 46.7%, which is the sector with the largest decline.
zou gang, a senior researcher of the high-end equipment industry at industrial bank research, told the china economic times that the machinery and equipment industry is facing challenges such as slowing demand and declining profits, but exports are a bright spot, showing a rapid growth trend. in the first half of the year, the overall gross profit margin of the machinery and equipment sector was 19.5%, and the overseas revenue of the sector was 201 billion yuan, a year-on-year increase of 16%. exports have become an important highlight of the industry's development. looking ahead to the second half of the year, the machinery and equipment industry, which is located in the middle of the construction and manufacturing industry chain, still faces a complex market environment, and demand and competition are important challenges for the development of enterprises. with the improvement of comprehensive competitiveness, going overseas has become an important opportunity for corporate development. from a global perspective, the market share of my country's machinery and equipment companies is still relatively low, and there is still broad room for development overseas.
