The Shanghai Stock Exchange released a news release on April 11 that as of April 9, 657 listed companies in the Shanghai Stock Exchange have disclosed their 2024 annual reports, with a total net profit attributable to shareholders of RMB 3.65 trillion, a year-on-year increase of 9.2%.
Among them, nearly 400 companies have improved their performance, about 209 companies' net profit attributable to shareholders has achieved a growth rate of more than 20%, and about 114 companies have achieved a growth rate of more than 50%.
From the perspective of leading companies, the good news rates of Shanghai Stock Exchange 50 and Shanghai Stock Exchange 180 Index companies exceed 80% and 70% respectively. From the perspective of industry, many industries such as agriculture, forestry, animal husbandry and fishery, automobiles, non-ferrous metals, light industry manufacturing, and pharmaceuticals and biology have achieved improved performance.
The Shanghai Stock Exchange stated that from the annual report, the Shanghai Stock Exchange has outstanding performance in new momentum and new tracks and the continuous transformation and upgrading of the industrial structure. The overall high-tech manufacturing industries such as automobiles, light industry manufacturing, pharmaceuticals and biology, and electronics have accelerated their growth, with profits increasing by 62%, 32%, 30% and 11% year-on-year respectively.
At the same time, a series of policies to promote consumption have effectively promoted the release of domestic demand and driven the growth of order volume in the industrial chain. Companies in the Shanghai market's travel, food and beverage, and household appliance industry have all achieved good performance, achieving profit growth of 47%, 12%, and 10%, respectively, confirming the synergistic effect of macroeconomic policies and industrial development.
Shanghai Stock Exchange stated that among the companies that have not disclosed their annual reports, 236 companies have disclosed good news about their performance forecasts in 2024 in the early stage. In addition, many listed companies expressed their optimistic attitude towards the market in 2025 in their annual reports. (Reporters Yao Junfang and Pan Qing)
