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1,326 Shenzhen-listed companies see profit soar 19.82% in H1

Sep. 9, 2011 (China Knowledge) - 1,326 companies that are listed on the Shenzhen Stock Exchange saw their net profits attributable to shareholders surge 19.82% from a year earlier in the first half of 2011 with earnings per share of RMB 0.24, sources reported.

Operating revenues of the 1,326 companies, comprising 484 firms on the Main Board, 598 on the board of Small and Medium-Sized Enterprises and 244 on the Growth Enterprises Market board, surged 22.76% from a year earlier. 90.95% of the 1,326 companies made profits in the first half.

The top 20 of the 244 Main Board-listed firms generated 49.8% of the board's total net profits with an average net profit growth of 45.46% year on year.

Of the 598 SME board-listed firms, several companies had a year-on-year net profit increases exceeding 70%, such as Shanghai Metersbonwe Fashion & Accessories Co Ltd<002269>, Xinjiang Zhongtai Chemical Co Ltd<002092> and Electrical-Tech International Co Ltd<002005>.

On the GEM board, the average net profit growth of the 244 firms reached 21.84% year on year, higher than that on the main board and SME board.

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