China-Traded Companies Book $470 Billion of First Half Profit

What’s new: China’s domestically traded companies posted 3.19% growth in combined profit in the first half this year, lifted by enterprises in the oil and gas, batteries and new energy sectors.

A total of 4,825 companies traded on the Shanghai, Shenzhen and Beijing stock markets published half-year financial reports as of Wednesday.

The companies reported combined revenue of 34.54 trillion yuan ($4.99 trillion) in the first six months, up 9.24% from the same period a year earlier. Total profit rose 3.19% to 3.25 trillion yuan ($470 billion).