Xinjiang's A-share listed companies report increasing net profits

Total net profits of A-share listed companies in northwest China's Xinjiang Uygur autonomous region reported a 10.64 percent year-on-year growth in the first half of 2019.

Of the 55 A-share listed companies in Xinjiang, 45 were profitable. Net profits attributable to their shareholders totaled about 16.18 billion yuan (2.29 billion U.S. dollars) and operating income rose 12.22 percent year on year to 223.74 billion yuan in the first six months, according to reports released by the A-share listed companies.

Among them, non-financial enterprise pocketed 177.98 billion yuan in revenues in the first half, up 13.36 percent, as the largest contributor to the operating income.

Net profits from financial companies totaled 9.09 billion yuan, accounting for 56.2 percent of total net profit of listed companies in Xinjiang.

Twenty-six state-owned holding enterprises became the major contributor to the operating income among listed companies in Xinjiang. Meanwhile, the net profit of the remaining 29 privately-owned holding enterprises increased significantly, up 24.24 percent year on year.