0 Comment(s)
Print
E-mail China.org.cn, March 7, 2025
Of the 264 companies listed on the Beijing Stock Exchange (BSE), 225 firms, or 85.23%, ended 2024 in the black, according to their preliminary financial reports.
With small and medium-sized enterprises (SMEs) making up over 80% of its listings, the BSE has become a key hub for innovation-driven growth.
Data shows that the 264 firms collectively generated operating revenues of 178.46 billion yuan ($24.61 billion) in 2024, up 7.81% from a year earlier.
Notably, 28 firms posted revenue growth exceeding 30%.
On the profit front, the group racked up a combined net profit of 10.67 billion yuan, averaging 40.41 million yuan per company.
The past year saw many BSE companies sharpen their focus on cost-cutting and efficiency gains, while some pursued overseas acquisitions to consolidate their industries.
Policy tailwinds also helped. With government measures boosting consumer spending, companies in beauty and personal care, household appliances, and textiles saw net profits attributable to shareholders surge 128.53%, 19.58%, and 14.11% year on year, respectively. BSE-listed auto manufacturers reported a 10.04% increase in net profit.
These solid performances, along with improved fundamentals in certain sectors, have fueled institutional confidence in investment potentials on the BSE. The bourse's benchmark index has increased more than 30% year-to-date.
China's securities regulator recently signaled plans to enhance the BSE's appeal, vowing to optimize its investor base and attract more long-term capital.
