Hebei's Capital Market Sees Strong Start to 2026

Hebei's capital market has demonstrated robust development momentum in 2026, achieving notable progress in areas such as corporate listings, production operations, and overall quality of growth.

In the first four months of the year, one company from the province was listed on the Beijing Stock Exchange, another received registration approval from the securities regulator, and four additional firms entered the guidance and filing process. This indicates a further acceleration in the integration of Hebei's high-quality enterprises with the capital markets. Notably, all six of these newly added companies are recognized as specialized, sophisticated, and innovative "little giant" enterprises, showcasing the solid industrial strength of Hebei as a manufacturing powerhouse.

The sustained expansion of the "Hebei sector" is supported by targeted services from various government departments and agencies. Educational initiatives like the "Hebei Capital Market Lecture Hall" have been held in cities including Baoding, Handan, Cangzhou, and Hengshui, with six sessions conducted so far this year. These efforts continuously deepen understanding of capital markets and enhance the capability of enterprises to leverage them for development.

In the first quarter of 2026, the 85 listed companies in Hebei collectively achieved operating revenue of 289.493 billion yuan. Great Wall Motor Company Limited, Huaneng Power International, HBIS Company, ENN Natural Gas, and China Dynamics all reported revenues exceeding 10 billion yuan, ranking among the top five by scale. Combined net profit attributable to shareholders of the parent company reached 10.409 billion yuan, a year-on-year increase of 13.98%. Among these, 65 companies were profitable, accounting for over 76% and indicating broad-based profitability. Twenty-five companies reported profits above 100 million yuan, with nine—including Great Wall Motor Company Limited, Huaneng Power International, SDIC Power Holdings, Yangyuan Zhihui Beverage, Xintian Green Energy, ENN Natural Gas, Hebei Construction & Investment Energy, China Dynamics, and GDS Holdings—posting profits exceeding 500 million yuan, demonstrating strong earnings capacity.

By the end of April 2026, the total market capitalization of Hebei's 85 listed companies had reached 1.6 trillion yuan, an increase of 13.5% from the end of the previous year. The number of companies with a market cap above 50 billion yuan rose to eight, including three—GDS Holdings, Great Wall Motor Company Limited, and SDIC Power Holdings—with valuations exceeding 100 billion yuan.

Direct financing also saw a significant increase. In the first four months of 2026, direct financing in Hebei's capital market surpassed 90 billion yuan, representing a year-on-year growth of approximately 225%. Financing methods have become more diversified, encompassing share issuances for asset acquisitions, convertible bonds, sci-tech innovation bonds, and green bonds.