China's Publicly Traded Firms Post Average First-Half Profit Gain of 22%(Yicai Global) Aug. 16 -- The 595 Chinese companies listed on mainland stock markets that have reported first-half earnings so far logged an average net profit increase of 22 percent from a year earlier to CNY328 million (USD47 million).
Net profit at 64 companies gained more than twofold, data from Shanghai-based financial services firm Wind Information show.
The gains are attributed to a recovery in the industrial sector, higher income from securities investments, a stronger showing among acquired companies and the disposal of large-value assets.
Editor: Ben Armour
