Yi Huiman, chairman of the China Securities Regulatory Commission, addresses the launching ceremony of the sci-tech innovation board of the Shanghai Stock Exchange at the Lujiazui Forum in Shanghai, east China, June 13, 2019. (Xinhua/Fang Zhe)
BEIJING, Sept. 1 (Xinhua) -- Firms listed on the Shanghai Stock Exchange registered steady growth in revenue and net profits in the first half (H1) of this year, according to the bourse on Tuesday.
In the first half, business revenue of the firms listed on the main board of Shanghai bourse totaled 21.96 trillion yuan (about 3.4 trillion U.S. dollars), up 23.94 percent year on year.
Their net profit grew 43.15 percent to 2.08 trillion yuan during the period.
Of all firms that have disclosed their annual reports or released their financial performance reports by August 31, nearly 90 percent, or 1,467 firms, reported profitability, SSE data showed.
In terms of compnies listed on the sci-tech innovation board (STAR), China's Nasdaq style high-tech borad, they saw a total revenue of 304.05 billion yuan and a net profit of 43.32 billion yuan, up 55.14 percent and 105.24 percent, respectively.
With the waning effects of the COVID-19 pandemic, firms on the main board have made steady steps in their endeavors to maintain operation, seek business growth and strive for green development, while STAR market firms, pioneers of sci-tech innovation, have rebounded quickly and achieved surge in overall performance in H1, according to the SSE.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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