Performance reports of 850 companies reveal a 43% increase in revenue and profit
In a recent analysis of performance reports from 850 companies, a significant 43% increase in both revenue and profit was observed. The data, compiled by Databao statistics and reported by Securities Times, highlights the strong financial performance of these companies despite challenging economic conditions.
Poly Development emerged as the top performer in terms of operating income, with a staggering 23.49% year-on-year increase to reach 347.147 billion yuan. Following closely behind were Baosteel Co., Ltd. and China Merchants Bank, with operating incomes of 346.926 billion yuan and 339.123 billion yuan, respectively. Notably, 539 companies recorded an increase in operating income, with Yahong Pharmaceutical leading the pack with a remarkable 52594.64% growth.
In terms of profits, 700 companies reported profits, with 12 surpassing the 10 billion yuan mark. China Merchants Bank led the way with a net profit of 146.602 billion yuan, marking a 6.22% increase from the previous year. Other notable performers in terms of profit growth included Zhongke Feichai, CITIC Bo, and Sansheng Guojian, who saw impressive year-on-year increases in net profit.
Overall, the performance reports paint a positive picture of the financial health of these companies, indicating a strong growth trajectory for the future. Despite the challenges posed by the current economic climate, these companies have demonstrated resilience and adaptability in achieving substantial gains in both revenue and profit.