BSE-listed companies report revenue up 4.43% in H1

The listed companies on the Beijing Stock Exchange saw their total operating revenue go up 4.43 percent year-on-year to 77.03 billion yuan in the first half of this year, according to data released by the exchange on Sunday.

As of August 31, 216 listed companies on the exchange completed the disclosure of their 2023 half-year reports.

Despite facing multiple adverse factors, 90 percent of the companies managed to turn a profit, said the exchange. The data reveals that 60 percent of the listed companies on the exchange achieved year-on-year revenue growth in the first half of this year, with 38 companies reporting revenue growth of over 30 percent.

Although the total net profit attributable to the parent company fell by 24.93 percent year-on-year to 5.75 billion yuan, 50 percent of the companies saw an increase in net profit attributable to the parent company. About 36 companies reported net profit growth of over 50 percent compared with same period of last year, and 32 companies have maintained net profit growth for three consecutive years.

However, due to the significant impact of industry cyclicality and the external economic environment, some small and medium-sized enterprises faced short-term pressure on their performance.