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Shanghai, Shenzhen-listed firms see sharp net rise in H1

BEIJING
2015-08-10 10:16

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A total of 581 out of 2,700-plus companies listed on China's Shanghai and Shenzhen bourses had unveiled financial results or express results for the first half of 2015 by August 7, which posted 176.5 billion yuan in combined net profit, surging by 73.05 percent year on year, Securities Times reported on Monday.

The net profit growth of the listed companies was less than 10 percent in the previous two years, said the daily. The 581 companies as a whole generated 1.3 trillion yuan in total revenue in the first six months, up 15.62 percent from a year ago.

By sectors, all sectors except mining and iron and steel sectors posted net rise in the first six months, of which non-banking financial sector saw the biggest net rise of 330 percent on a yearly basis in the first half of the year thanks to bull run of the domestic stock market in the period.

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