Listed companies on the Chinese domestic stock market reported robust performance with improved industrial layout and expanded market in the first half (H1) of 2024, a financial expert said after most of the listed companies released their half-year report.
Data showed that the combined operating revenue of listed companies reached nearly 35 trillion yuan (about 4.93 trillion U.S. dollars) in H1, with their net profits standing at 3.13 trillion yuan.
Among 5,346 companies listed on China's A-share market that have released their H1 reports, more than 3,000 registered revenue growth, 2,200-plus reported net profit growth, and over 4,100 made profits, accounting for 77 percent.
Specifically, 17 of the 19 industry categories made profits, nine experienced business revenue growth, and eight saw net profit growth. In the manufacturing sector, all sub-industries were profitable, with five sub-industries achieving both revenue and net profit growth.
"In the first half of 2024, the overall performance of A-share listed companies remained relatively robust, reflecting the resilience and recovery of the Chinese economy. Notably, performances of sectors such as new energy and biotechnology were more eye-catching, which should be attributed to national policy support, growing market demand, and technological advancements. Clear recovery signals were observed across multiple industries, including consumer electronics, telecommunications, and semiconductors, with accelerated recovery of listed companies. Positive changes in investment in sci-tech research and development, and corporate going abroad were also highlights in the semi-annual reports, showing ever improved development quality and international competitiveness of listed companies," said Tian Lihui, director of the Institute of Finance and Development at Nankai University.
Listed companies in China report robust performance: expert
Listed companies in China report robust performance: expert
To celebrate the upcoming Mid-Autumn Festival, Chimelong Safari Park in Guangzhou City of Guangdong Province, south China introduced to visitors baby panda Mei Zhu, the daughter of Meng Meng, the oldest sister of the world's only surviving panda triplets, and prepared a series of activities on Friday.
Mei Zhu, aged only 87 days, is in good health and just began teething. But the baby panda always gets a bit cranky after milk feedings, and requires panda keepers to spend around half an hour to calm her down.
"As a young panda, her digestive system is still developing, and excessive activity after feeding can lead to digestive issues. She is quite energetic now. If she found any strangers entering her enclosure and they wanted to, for example, pet her, she would be quite defensive, due to her self-protection instincts," said Chen Siming, a wildlife conservation expert.
Another star panda in the zoo, Guo Qing, also received his present, a pile of mooncake-shaped wowotou (a type of steamed corn bread). Guo Qing was of good appetite, which amused many of his fans.
"I am here just to see her. I drove 38 kilometers just to watch her mischief. She is very famous for that, always causing trouble when her keeper is not around," said a visitor.
The koalas are also welcoming guests. Totaling over 70 koalas in the park, more than 40 of them were presented to visitors by their keepers. The chubby animals constitute a big family of eight generations, with the youngest being 2 years old and the oldest reaching 19, much older than the average lifespan of the species.
"We've sent technicians to Australia to learn how to feed the Koalas, pick up veterinary and health care skills. With our valuable experience gained through years of raising the koalas, we are able to provide them good environment, food, and medical care. As a result, the average lifespan of the troop is getting longer," said a koala keeper.
In addition to these highlights, Chimelong Safari Park is also planning a series of animal enrichment events and sharing stories of the animals with the visitors during the Mid-Autumn Festival vacation.
Safari park in Guangzhou presents baby panda to celebrate Mid-Autumn Festival
