Nearly 90 percent of companies listed on the Beijing Stock Exchange (BSE) made a profit in the
third quarter (Q3) this year, according to data from the BSE.
These companies reported revenue of 120.35 billion yuan or around 16.76 billion US dollars in the
first nine months of 2023, which is up 2.59 percent on an annual basis (year-on-year/yoy).
During this nine-month period, half of the listed companies reported annual net profit growth, and
26 of them recorded growth exceeding 50 percent.
According to BSE, the listed companies are expected to achieve better profitability in the last
These companies increased investment in research and development (R&D) in the first three
quarters of 2023, with total funding for R&D reaching 5.19 billion yuan, an increase of more than 8
percent (yoy), the BSE said.
Source : Antara