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Profits of 19 Zhongshan A-share listed companies increase by 27%
Updated: 2017-09-07    Source: Zhongshan Daily Large Medium Small Print

Except Union-optech Co Ltd who will go public in the second half, other 19 Zhongshan-based A-share listed companies have released their half-year reports of 2017 by August 31. Overall, the revenue of the 19 companies reaches 27.283 billion yuan, increase by 26.82% over the same period last year, while the net profits are 2.42 billion yuan, up 14.10%.

17 out of the 19 companies achieve positive growth in revenue in the first half of 2017. Among them, 12 grow at a rate of over 10%, and 6 over 30%.

7 companies sustain a rapid 50% or higher net profit growth. Some companies, such as the outstanding Forest Lighting, achieve high-speed growth in both revenue and net profits.

More emphasis on research and development will help companies make innovations and consolidate their position in industries. Among the 19 Zhongshan listed companies, over 30% increased their R&D investment by more than 20% over the same period last year, while Life Sense and Forest Lighting increased their R&D investment by over 50%.

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