Firms listed on the Beijing Stock Exchange (BSE) maintained steady operations in the first half of 2024, with more than 60% reporting revenue growth and over 80% achieving profitability, according to data released by the bourse.

Strong Profitability Across the Board

The combined operating revenue of BSE-listed companies reached 78.5 billion yuan (about 11.05 billion U.S. dollars), with net profits attributable to shareholders totaling 5.4 billion yuan. The second quarter saw operating revenue of 22.01 billion yuan and net profits of 1.67 billion yuan.

Specialized and New Enterprises Lead the Way

Over 50% of the firms are recognized in the national "little giants" catalogue, highlighting their role as innovative SMEs with a focus on niche markets and advanced technologies. These enterprises contributed significantly to the overall profitability, with R&D investments rising 2.47% year-on-year to 3.73 billion yuan.

Accelerating Innovation and Strategic Advancements

BSE-listed companies have accelerated their innovation efforts, with strategic industries making up more than 80% of the total listed firms. Average R&D intensity reached 4.75%, with over 60% of companies increasing their R&D spending.

Strong Performance in the Automotive and Non-Ferrous Metals Industries

The automotive and non-ferrous metals sectors performed strongly, with significant revenue and profit growth driven by domestic market dynamics. Despite challenges in other industries, these sectors continued to bolster the overall market performance.

Commitment to Quality, Integrity, and Returns

BSE-listed companies demonstrated a commitment to shareholder returns, with nearly 90% engaging in cash dividends, totaling 5.8 billion yuan, up 38.4% year-on-year. Share buybacks and equity incentive plans also saw increased activity, reflecting confidence in long-term growth.

Accelerated Financing and Strategic Mergers & Acquisitions

Capital markets played a crucial role in supporting the growth of BSE-listed companies, with 10 new listings raising 2.19 billion yuan. Strategic mergers and acquisitions facilitated business expansion and technological advancement, contributing to sustainable growth.

Institutional Investors Continue to Increase Holdings

Institutional investors continued to expand their presence, with the number of qualified investors nearing 7.05 million by the end of June. Fund companies launched new products, and public funds became major net buyers, enhancing market stability and investor confidence.