The characteristics of the Shanghai Stock Exchange’s semi-annual reports are markedly ‘new and substantial.’

In the first half of the year, companies listed on the Shanghai Stock Exchange achieved a total operating revenue of 24.68 trillion yuan, a slight decrease of 1.3% year-on-year; net profit was 2.39 trillion yuan, an increase of 1.1% year-on-year; and net profit excluding non-recurring items was 2.29 trillion yuan, an increase of 0.7% year-on-year. The upward momentum was maintained across quarters, with operating revenue and net profit in the second quarter increasing by 6.1% and 0.1%, respectively, compared to the previous quarter. In terms of the contribution to performance growth, the characteristics of ‘new and substantial’ growth are evident among Shanghai-listed companies in the first half of the year. Notably, the manufacturing sector remains robust, with operating revenue and net profit in manufacturing growing by 3.9% and 7.1% year-on-year, respectively, accounting for 78% and 50% of the overall growth after excluding…