CCTV News: As of April 30, there were more than 5,100 listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange, and 265 companies on the Beijing Stock Exchange disclosed their 2024 annual reports. Overall, the performance of A-share listed companies remained stable in 2024, and dividend repurchases hit a record high.

In 2024, the listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange achieved a total operating income of 71.8 trillion yuan and a net profit of 5.2 trillion yuan. The listed companies on the Beijing Stock Exchange achieved a total revenue of 180.845 billion yuan and a net profit of 11.03 billion yuan. 74% of listed companies in Shanghai and Shenzhen stock markets achieved profitability, while about 85% of companies on the Beijing Stock Exchange achieved profitability.

In 2024, the total dividend amount of listed companies in Shanghai and Shenzhen was 2.39 trillion yuan, an increase of 7.2% year-on-year. In the past five years, the cumulative dividends of Shanghai and Shenzhen stock markets have exceeded 10 trillion yuan.

The consumption promotion policies drive the steady growth of industries such as automobiles and home appliances

Judging from the 2024 annual report data of listed companies, among the 28 major physical industries, agriculture, forestry, animal husbandry and fishery, electronics, transportation, automobiles, commerce and retail industries have achieved stable performance growth, especially under the driving force of consumption promotion policies.

In 2024, policies such as consumer goods trade-in will stimulate the release of consumer demand for some durable goods in residents. The net profits of the household appliance and automobile industries increased by 7.1% and 11.1% year-on-year respectively, which is an increase of varying degrees from the third quarter report of 2024.

The net profit of the transportation industry increased by 11.5% year-on-year, and the performance of airports and airlines continued to improve, with net profits increasing by 75.6% and 69.3% year-on-year respectively. Baiyun Airport's passenger throughput was 76.37 million, an increase of 21% year-on-year; the net profit of Beijing-Shanghai High-Speed ​​Railway was 12.77 billion yuan, an increase of 10.6% year-on-year.

R&D investment of listed companies remains high

From the annual report, the R&D investment of listed companies remains high, and new quality productivity activates innovation code. The artificial intelligence technology revolution continues to deepen, driving the upstream and downstream industries of electronic communications to maintain a high prosperity.

In 2024, the total R&D expenses of physical listed companies were 1.6 trillion yuan, an increase of 3.1% year-on-year. The R&D investment of listed companies has accounted for more than half of the R&D expenditure of enterprises across the country. The R&D expenses of companies on the Science and Technology Innovation Board increased by 7.9% year-on-year, and the R&D intensity remained at a high of 10.8%.

AI big model technology is becoming increasingly mature, driving the global semiconductor cycle to be upward repair. In 2024, with the gradual destocking of the industry gradually in place, driven by demand in industries such as data centers and automotive electronics, and favorable policies for consumer electronics, the demand for chip market has gradually recovered. The chip field of listed companies on the Shenzhen Stock Exchange achieved a net profit of 25.219 billion yuan, a year-on-year increase of 33.48%.