Shenzhen bourse-listed firms report profits of over 257b yuan in Q1

BEIJING -- Companies listed on the Shenzhen Stock Exchange reported combined profits of over 257 billion yuan ($36.2 billion) in the first quarter of the year, the bourse said on Monday.

Their revenues reached 4.71 trillion yuan during the period.

The bourse said that a total of 2,852 companies listed on the exchange disclosed their first quarterly reports, of which 1,597 companies registered a year-on-year increase in revenues, and 1,501 companies logged a year-on-year rise in net profit.

Listed companies in advanced manufacturing, transport, and green and low-carbon sectors performed well in the first quarter, the bourse added.

In 2023, companies listed on the bourse reaped profits of 982.47 billion yuan.