Wind Info: Most listed firms back into black

More than half of the listed companies that have released their interim statements have reported a year-on-year growth in first half net profit, with property developers and manufacturers the top performers.

According to financial data provider Wind Info, 251 listed companies have released their interim financial statements till August 5, and nearly 131 of them recorded increases in net profit, while 32 saw profit growth in excess of 100 percent.

"The financial performance of listed companies' has so far been to our expectations. Since the economic fundamentals have largely improved in the second quarter, listed companies' businesses have also bottomed out in the period," said Dong Chen, head of the research department of Southwest Securities.