BEIJING, Aug. 9 (Xinhua) -- Among the 203 "new third board"-listed companies that have released semiannual financial results by Thursday, 122 ones reported positive net profit data, reported Securities Daily on Friday.
Among the profit earners, 52 companies saw their net profit in January-June 2024 double over the first half of 2023 and five of them unveiled data that ballooned more than ten times over those of the same period last year.
The encouraging performance of companies listed on National Equities Exchange and Quotations (NEEQ), better known as "new third board", pointed to improving vitality and innovation capacity of small- and medium-sized enterprises (SME) in China, said Tian Lihui, dean of Nankai University Institute of Finance and Development.
Under such circumstances, many more "new third board" companies also managed to stop loss-making and started to profit in the first half of 2024.
Alongside the results releasing, the "new third board" is expected to draw more attention from investors and fund SMEs with higher activity and better fluidity, said market watchers.
Since the beginning of this year, 142 new companies quoted their equities on the NEEQ market and some of them started preparations for public listing on the Beijing Stock Exchange.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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