Beijing's 484 A-share listed companies delivered an outstanding performance in the first half of the year, with a combined market value of 23.74 trillion yuan, representing over a fifth of the entire A-share market. Their total operating revenue reached 12.78 trillion yuan, maintaining steady growth, while net profits totaled 1.63 trillion yuan, continuing their upward trajectory. Research and development investment exceeded 200 billion yuan, further solidifying the foundation for innovation-driven growth, with all four critical indicators ranking first nationwide.
According to the "2026 Semi-Annual Performance Report of Listed Companies in the Beijing Jurisdiction" released on September 17 by the Beijing Listed Companies Association in collaboration with the Asset Valuation Research Institute of Central University of Finance and Economics, Beijing's A-share listed companies have maintained their position as a leader in scale, operational stability, and innovation activity, increasingly cementing their role as pioneers of technological advancement.
Business Stability and Profitability
By August 31, all 484 Beijing-based A-share listed companies had submitted their semi-annual results, demonstrating improved performance quality. In the first half of the year, their total operating revenue increased by 2.28% year-on-year to 12.78 trillion yuan, accounting for 33.93% of the total revenue of all A-share listed companies, exceeding one-third of the market's total.
Net profits for the period reached 1.63 trillion yuan, a substantial 12.10% year-on-year increase, representing double-digit growth and comprising 42.15% of the total net profits across the A-share market. Within the "Beijing team," nearly 40% of companies, specifically 190 firms, achieved simultaneous growth in both revenue and net profit, a remarkable achievement that further underscores their leading role.
Looking at sector breakdowns, companies in computers, electronics, biomedicine, machinery and equipment, and non-ferrous metals account for 46% of the growth leaders, making these five industries the driving force behind the dual-growth trend. "The growth momentum in technological innovation and advanced manufacturing is becoming increasingly pronounced," said Wang Jingda, a professor at the School of Public Finance and Taxation at Central University of Finance and Economics. Among the 190 high-performing companies, 56 are central state-owned enterprises, 20 are local state-owned enterprises, and 114 are non-state-controlled firms, reinforcing a healthy growth landscape where both state-owned and private enterprises contribute collaboratively.
Innovation and Private Tech Vitality
Revenue from new quality productive forces continued to accelerate in the first half of the year: the power equipment sector grew by 35.13%, electronics by 14.82%, automotive by 12.12%, and computers by 9.97%. These sectors tied to new productive forces have maintained robust revenue growth, reflecting the ongoing optimization of the industrial structure toward technological innovation and advanced manufacturing, noted Wang Jingda.
As highlighted in the report, 26 companies achieved revenue growth exceeding 50%, primarily distributed across the computer, electronics, and biomedicine industries. Notably, 14 of these companies are private enterprises, accounting for more than half. Meanwhile, 60 companies posted net profit growth of over 100%, mainly in computers, electronics, media, biomedicine, and environmental protection sectors, with 37 private enterprises making up 61.67% of that group.
These figures indicate that the vitality of private technology companies continues to accelerate, Wang Jingda added. The strong representation of private enterprises among high-growth firms showcases their operational agility and growth potential within niche markets, meaningfully supporting the cultivation of new growth leaders in the Beijing jurisdiction.
Sustained R&D investment has further fortified the groundwork for future innovation. In the first half of the year, R&D spending by Beijing-based listed companies totaled 206.549 billion yuan, representing 23.50% of the nation's total R&D expenditure and ranking first in scale nationwide. This investment grew by 9.32% year-on-year, reflecting a consistently high level of commitment.
Market Leadership and Multi-Tiered Structure
A-share listed companies in Beijing account for 8.72% of the total number of listed companies but hold 20.39% of the entire market's capitalization, ranking first nationwide and underscoring their pivotal role. As of August 31, the total market value of these companies had reached 23.74 trillion yuan, up 2.90% year-on-year. The report concluded that the market value advantages of Beijing-based listed companies have continued to strengthen this year, with the region's capital market concentration advantages remaining prominent.
The role of leading corporations has become more pronounced. By the end of August, Beijing housed four companies with market values exceeding one trillion yuan, accounting for half of all such companies in the A-share market, as well as seven companies valued between 500 billion and one trillion yuan, also representing half of that category nationwide. "The market value structure is improving, with leading enterprises playing a prominent role and technology-driven growth companies gaining momentum," Wang Jingda commented, emphasizing how the clustering effect of industry giants and technological growth momentum mutually reinforce the high-quality development foundation of the capital's capital market.
Another dataset worthy of attention reveals that among Beijing's 484 A-share listed companies, 250 are listed on the Main Board, 130 on the ChiNext, 79 on the STAR Market, and 25 on the Beijing Stock Exchange. A combined 48.35% of companies are listed on the ChiNext, STAR Market, or BSE. This distribution demonstrates a well-coordinated multi-tiered capital market framework: the Main Board supports the fundamental base, the STAR Market emphasizes technological innovation, the ChiNext fosters growth vitality, and the BSE focuses on serving innovative small and medium-sized enterprises. This laddered and complementary structure has further strengthened the collaborative advantages across boards, solidifying the establishment of a comprehensive multi-tiered capital market landscape among Beijing's listed companies.
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