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a-share companies' net profit decline narrowed in the second quarter, and total interim dividends doubled year-on-year

2024-09-10

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as the a-share mid-year reports came to an end, more than 5,100 listed companies in shanghai and shenzhen handed in their first-half report cards. among them, the decline in net profit in the second quarter narrowed, and the proportion of loss-making companies decreased.

as of august 31, 5,104 listed companies in shanghai and shenzhen, except *st weichuang, *st meishang and st jingang, disclosed their 2024 semi-annual reports. in the first half of the year, they achieved operating income of 34.8 trillion yuan and net profit of 2.9 trillion yuan, down 1.4% and 2.4% year-on-year respectively. among them, net profit in the second quarter decreased by 0.4%, which was significantly narrower than the 4.5% in the first quarter report; a total of 1,137 listed companies suffered losses, accounting for 22.3%, which was 1.9 percentage points narrower than the first quarter report.

in terms of industries, 13 of the 28 major real industries had positive profit growth in the first half of the year, among which agriculture, forestry, animal husbandry and fishery, social services, electronics, automobiles, and public utilities had the highest growth rates. overall, service consumption, export growth, and the cultivation of new drivers performed relatively well.

in terms of service consumption performance, residents' travel continued to recover, and the operating income of listed companies in the airport, tourism and scenic spots, and hotel and catering industries increased by 20.7%, 28.3%, and 3.4% year-on-year respectively. in the first half of the year, the national railway passenger flow increased significantly, and the net profit of the beijing-shanghai high-speed ​​railway increased by 23.77% year-on-year, exceeding 6 billion yuan for the first time, setting a new high since its listing.

at the same time, residents' consumption of commodities was generally stable, with net profits of food and beverage, consumer electronics, and automobile industries increasing by 14.1%, 24.4%, and 22.7% year-on-year, respectively. most listed companies in the breeding industry turned losses into profits or reduced losses.