The stable growth of listed companies' overall performance shows the resilience and potential of economic development

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Zhang Ying's A -share listed company disclosed the finals in the semi -annual report of 2022 and welcomed the first trading day in September today. According to the data released by the China -Shanghai Association on August 31, in the first half of 2022, A -share listed companies realized total operating income of 3.454 trillion yuan, an increase of 9.24%year -on -year; net profit was 3.25 trillion yuan, an increase of 3.19%year -on -year. The overall performance of listed companies has maintained a growth trend. Statistics show that in the first half of the year, A -share non -financial companies achieved total operating income and net profit of 2.923 trillion yuan and 1.95 trillion yuan, respectively, an increase of 10.89%and 4.55%year -on -year. Listed companies are representatives of various industries, and their performance towards indicates the warmth and development trend of the industry. For example, the rapid growth of emerging industries such as power battery raw materials and photovoltaic new energy is the concrete manifestation of China's economic structure optimization and industrial upgrading. In the first half of this year, my country's economic development faced a relatively complicated situation. It is not easy for listed companies to make such a "mid -term answer sheet". It can be seen from the semi -annual report that many outstanding listed companies have improved their high growth trends by relying on quality and efficiency, and have become an important force to promote China's economic transformation and upgrading and high -quality development. Figure. Recently, the A -share market has gone out of a trend. In this regard, people in the industry generally believe that the A -share market has not changed its trend for a long time. At present, the policy level is still continuously increased and stable and stable. Whether it is the country that will be delayed by the purchase tax reduction and exemption of new energy vehicles, the implementation of the LPR interest rate reduction, or the emphasis on the appointment of more than 500 billion yuan for the special debt deposit, an increase of more than 300 billion yuan or more Policy tools such as policy development financial instruments have reflected policy care. On the whole, my country's economy has not changed for a long time, the economic continuous recovery has not changed, the characteristics of great development potential, sufficient toughness, and wide space have not changed. healthy growth. According to the latest data from the National Bureau of Statistics, in August, the manufacturing procurement manager index (PMI) was 49.4%, which was lower than the critical point, an increase of 0.4 percentage points from July, and the level of manufacturing prosperity picked up. In August, the non -manufacturing business activity index was 52.6%, a decrease of 1.2 percentage points from July. It is still located in the expansion range. Non -manufacturing has recovered for three consecutive months. my country's economy has strong elasticity and toughness, and the foundation of recovery is still very solid. From the perspective of the future performance of listed companies, after the disclosure of the semi -annual report, the market expectation of the third quarterly report will become an inflection point for the reversal of the annual performance. The probability is the maximum stage of the performance of the performance. Recently, the price of commodities has fallen significantly, and the gross profit margin of the middle and lower reaches of the middle and downstream enterprises may be significantly boosted in the third quarter. Recently, the executive meeting of the State Council has further deployed a series of policies and measures to stabilize the economic market to consolidate the foundation of economic restoration and development. Based on the implementation of a policy of stabilizing the economy in the early stage, 19 continuous policies and measures were added, showing the attitude and determination of full stable growth. In short, we must strengthen our confidence and see the toughness and potential of my country's economic development in the changes in uncertainty. Only investors can really share the growth dividends of listed companies only by firmly holding high -quality core assets for a long time.

Listed companies '"Entrance Examinations" handed over the dazzling answers: 4825 companies' revenue of 34.54 trillion yuan increased by 9.24%year -on -year. The operating performance has grown against the trend, the quality of development has continued to improve, and the basic market has stabilized the basic market, showing the strong toughness and vitality of the capital market. According to data from the China Listed Companies Association, as of August 31, 4,825 listed companies of the Shanghai and Shenzhen Stock Exchange disclosed the semi -annual report of 2022 (the data caliber was listed companies listed on June 30, 2022). 4825 listed companies achieved total operating income of 3.454 trillion yuan and net profit of 3.25 trillion yuan in the first half of the year, a year -on -year increase of 9.24%and 3.19%, respectively. "Overall, the performance of listed companies in the first half of the year showed a synchronization trend with GDP, and the growth rate of operating income and net profit was significantly higher than the growth rate of GDP during the same period, showing that the high -quality development of listed companies was strong." The academic consultant of the China Listed Companies Association Association Zhang Ping, member of the committee and director of the Research Center of the listed company of the Chinese Academy of Social Sciences, said in an interview with the Securities Daily reporter. The growth rate of physical enterprises has significantly demonstrated a good situation in the good trend of "escape from reality" that the market analysts believe that the second quarter performance is generally better than market expectations, which fully reflects the strong competitiveness and development toughness of listed companies as leaders in various industries. "In the first half of 2022, the operating income of listed companies continued to grow, and capital expenditure increased, laying the development of the development of listed companies. At the same time, the absolute indicator of listed companies' innovation capacity continued to increase, the net cash flow of business activities improved, and other relative indicators were affected by the epidemic situation. The influence is slightly declined. "Cheng Fengchao, a member of the Academic Consultant Committee of the China Listed Companies Association and the chairman of the Zhongguancun Guorui Finance and Industry Research Association, told the Securities Daily reporter. Specifically, non -financial listed companies realized total operating income and net profit of 29.23 trillion yuan and 1.95 trillion yuan, an increase of 10.89%and 4.55%year -on -year. Since the first quarter of 2021, the growth rate of physical enterprises has continued to be higher than financial companies, showing that my country's economy has "" deficiency and reality ". "In the first half of the year, the overall market liabilities continued to decline. Based on the mid -term data from 2020 to 2022, the overall asset -liability ratio of non -financial listed companies declined year by year, and the deleveraging effect was obvious." Cheng Fengchao believes that the pressure of short -term debt repayment has risen slightly, and residents' lives live Related industries such as real estate industry, accommodation, catering, agriculture, forestry, animal husbandry and fishing, etc., generally face liquidity pressure, and the risk of debt repayment has increased. From the perspective of the branch industry, the differences between the industry are obvious. Coal oil and gas, basic chemicals, power battery raw materials, and photovoltaic new energy industries have increased their performance rapidly. Affected by factors such as repeated epidemic and high raw material prices, companies in aviation, catering, and tourism are still in trouble. Benefiting from the State Council's policy and measures to stabilize the economy, in the first half of the year, the listed company received taxes and fees by 468.9 billion yuan, an increase of 162%year -on -year. Under the favorable policies and measures, the cash flow of listed companies improved. positive influence. From the perspective of the "scientific content" of the dynamic market for the registered stimulus sector, from the perspective of the sub -sector, the revenue, cash flow and other indicators of the Shanghai -Shenzhen motherboard listed companies have risen steadily, the profit quality has further improved, and the effect of head geese driving is obvious. According to data from the China -Shanghai Association, the share of the top 200 main board listed companies in revenue and net profit account for 72%and 85%of the total. As of now, 102 listed companies have released a mid -term cash dividend plan, with cash dividends exceeding 170 billion yuan, and actively returned investors to become market consensus. "The performance of the Shanghai -Shenzhen motherboard listed company has shown a stable trend. Especially with the slowdown of the growth rate of the real economy, the motherboard company shows the characteristics of strong development toughness, dynamic power, cash flow, stable leverage, etc., which strongly support it. Starting from the economic market. "Xie Chenyang, deputy general manager and chief legal officer of Industry Fortune, told the Securities Daily reporter. Under the registration system, the GEM, science and technology board, and Bei Stock Exchange brought together a large number of innovative startups. According to data from the China and Shanghai Association, in the first half of this year, the GEM, the Science and Technology Board, and the Bei Stock Exchange added a total of 139 listed companies, accounting for 82%of the total new total in the first half of the year. The average research and development expenditure revenue of listed companies accounted for 1.69%, of which the R & D intensity of science and technology boards, GEM and Bei Stock Exchange was 8.62%, 4.82%, and 4.58%, respectively. Computer, biological industries, and high -end equipment manufacturing industries are among the top 10.29%, 10.10%, and 6.84%, respectively. Zhang Ping believes that in the first half of this year, listed companies generally increased investment in R & D and promoted technological innovation. At the same time, the disclosure of sustainable development information has also been strengthened. The number of ESG reports has increased, and the development of green transformation has been accelerated, which reflects the significant characteristics of the high -quality development of listed companies. In addition, in the first half of this year, the number of delisting companies reached a record high, and the ecological ecological ecology with an orderly and retreat was formed. The risk of stock pledge was significantly slowed down, and the risk companies were safely disposed of. The re -financing channels are more unobstructed, and the number of companies that help the company to do excellent and strengthen the company, and the number of companies that implement equity incentives, employee holdings, and share repurchase have increased significantly. The ecology of the securities market of Chongfa, trustworthy, standardized, and open -tolerant is further formed. Recommended reading

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