Twenty-two Zhongshan listed companies have disclosed their Q1 reports as of May 6. Seventeen of them witnessed operating revenue growth and thirteen achieved growth in net profit attributable to shareholders.

Statistics show that a total of ten Zhongshan listed companies achieved "double growths" (in both operating revenue and net profit) in Q1, six of which, including Mingyang Smart Energy, Jianglong Shipbuilding, Chant Group, Zhongshun Group (C&S), Piano and Union Optech, have seen double-digit growths.

Mingyang Smart Energy, which has listed on the A-share market earlier this year, saw its Q1 operating revenue and net profit grew at a rate of over 100% in Q1. The company's operating revenue increased 233.02% year-on-year to 1.746 billion yuan and net profit rose 137.1% to 39.0275 million yuan.

In the first quarter, a total of seven listed companies in Zhongshan achieved an operating revenue of over 1 billion yuan. MLS had the highest operating revenue of 4.669 billion yuan, up 130.86% year-on-year. However, the company has seen an obvious decelerated growth in net profit that rose 2.81% year-on-year to 170 million yuan.

Four companies also witnessed rapid growth in business volume. Golden Horse, Hoshion Aluminium, Tongyu Communication and Sotech had achieved an operating revenue growth of over 20% respectively in Q1. But they all saw a sharp decline in net profit on a year-on-year basis.

Besides, Zhongshan Public Utilities achieved the highest net profit of 315 million yuan in Q1.