Workers operate at the final assembly workshop of an automobile company in the new energy vehicle town of Jinhua City, east China's Zhejiang Province, Dec. 17, 2021. (Photo by Hu Xiaofei/Xinhua)
BEIJING, March 14 (Xinhua) -- A total of 77 A-share listed companies unveiled their operating data for the first two months of this year by March 13, pointing mostly to handsome business performance, reported Xinhua Finance on Monday.
By Sunday night, operating statistics of these firms, generally industry-leading companies, revealed rising activity in the period in industries such as new energy vehicle (NEV), semiconductor, Baijiu, and basic chemicals.
Boosted by their exuberant performances from January to February, stock prices of the 77 A-share companies rebounded sharply last week.
Companies engaged in the NEV industrial chain turned out the most prosperous ones as 11 A-share listed NEV firms announced robust growths in the first two months thanks to the high industry prosperity.
Guangzhou Tinci Materials Technology Co., Ltd. (002709.SZ), a Chinese fine chemical producer, said that production and sales of its main products were both active from January to February when NEV-related sectors remained vibrant. Operation of its newly-added production capacity was stable and self-production rate of main raw materials kept improving, all of which contributed to its pleasant operating results. The company pocketed around 3.3 billion yuan of revenues in the first two months, up about 260 percent year on year and net profit stood at 860 million yuan, up about 470 percent year on year.
Apart from the above-mentioned industries, coal, non-ferrous metals, CRO and other segmented industries also showed relatively eye-catching business prosperity.
Among the 77 firms, there were 29 companies saw year-on-year growths of their net profits exceed 100 percent from January to February.
For instance, Jizhong Energy Resources Co., Ltd. (000937.SZ), Malion New Materials Co., Ltd. (300586.SZ), Beijing Huafeng Test & Control Technology Co., Ltd. (688200.SH), Hangzhou Lion Microelectronics Co., Ltd. (605358.SH), Changsha DIALINE New Material Sci. & Tech .Co., Ltd. (300700.SZ), Shanxi Coal International Energy Group Co., Ltd. (600546.SH) and Jiangsu Zhongtian Technology Co., Ltd. (600522.SH) reported 2-3 times of net profit surge as compared to the data in the first two months of 2021.
Based on the encouraging Jan.-Feb. data, the quarterly financial results of the 77 firms are likely to be optimistic, according to the report. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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