Nearly 600 China-Listed Firms’ Average Net Profit Rose 20% in First Half

The 595 Chinese domestic A-share listed companies that released first-half financial reports yesterday logged an aggregate net profit of CNY328 million (USD47 million), up 22 percent from a year ago.

Of these, the net profit of 64 increased over twofold, data from Shanghai-based financial services firm Wind Information show.

The recovery of the sector, the increase in securities investment income, the growth of the performance of merger and acquisition companies and the disposal of large-value assets are the main causes of this substantial growth.

Source: Yicai Global

Do NOT follow this link or you will be banned from the site!