China: Boom in Profits of Listed Companies – From China

Xinhua’s editorial responsibility.

(ANSA-XINHUA) – BEIJING, MAY 15 – Chinese companies listed on the stock exchange recorded the highest profits since 2011. In 2021, the net profits of these companies were 2.7 trillion yuan ( about $ 397.66 billion). ), equivalent to 53.4% ​​of all listed companies.

As of April 30, a total of 4,804 listed companies had released their annual financial reports for 2021 showing that their total revenue reached 66.3 trillion yuan and their net profit amounted to 5.1 trillion. yuan, an annual increase of 19.3% and 19.8% respectively. .

Last year, the total profits of listed companies accounted for 45% of those with annual operating income of at least 20 million yuan and 49.3% of GDP over the same period.

Meanwhile, listed companies continued to intensify their innovation efforts, with a total of 1.3 trillion yuan invested in R&D in 2021, 24% more than the previous year. (ANSA-XINHUA).

Xinhua’s editorial responsibility.