More than 75 percent of companies listed on the Shenzhen Stock Exchange reported profits during the first nine months of 2024, according to the latest data from the bourse.
Over 2,844
companies listed on this stock exchange released their financial reports during the period, reporting a combined net profit of 806.2 billion yuan (about 113.5 billion U.S. dollars).
Of these companies, more than 300 saw a net profit increase exceeding 100 percent year on year, the Shenzhen bourse said.
Consumption-related sectors maintained steady growth in profitability from January to September. Specifically, the net profits of transportation and social services increased by 15 percent and 7 percent year on year, respectively, driven by rising travel demand.
Digital sectors also demonstrated robust performance, with net profits rising by 13 percent year on year during this period, the bourse confirmed.
