As of August 30, a total of 5,548 listed companies across the market have released their interim reports. Reviewing these mid-year results reveals that A-share companies have solidified a foundation of stability amid a complex environment, while strategic emerging industries have forged new growth drivers, and various sectors have taken solid steps toward high-quality development.
Listed companies serve as the cornerstone of the real economy, and their performance forms an essential basis for a steadily improving capital market. According to Wind data, the A-share companies that published their 2026 interim reports generated combined operating revenue of 37.68 trillion yuan, up 7.63% year-on-year, with 63% of companies reporting revenue growth. Their aggregate net profit attributable to shareholders reached 3.58 trillion yuan, a 19.33% increase, and 4,137 companies turned a profit, accounting for over 70% of the total.
Leading companies in energy, finance, and high-end manufacturing maintained their dominant positions in revenue rankings. Among them, China Petroleum & Chemical Corporation, commonly known as Sinopec, topped the interim revenue list with 1.43656 trillion yuan, followed by Ping An Insurance, Foxconn Industrial Internet, and China Mobile. Against the backdrop of a faltering global economic recovery and an increasingly complex external environment, it is no small feat for A-share companies to deliver a report card demonstrating such resilience and stability.
If stability is the underlying tone, then innovation is undoubtedly the most striking highlight of this mid-year scorecard. Artificial intelligence, computing infrastructure, new energy, and high-end manufacturing continue to emerge as new growth drivers, showing that technological innovation has become the core engine behind the earnings growth of A-share companies. Driven by the rapid release of AI computing demand, sectors such as optical modules and storage chips have seen explosive growth across the board.
For instance, Zhongji Innolight reported a 182.49% surge in first-half revenue and a 241.70% jump in net profit attributable to shareholders. Longsys saw its interim net profit leap from just 15 million yuan in the year-ago period to 10.577 billion yuan, an extraordinary 715-fold increase. The communications equipment sector has also performed impressively, with leading optical communication companies generally achieving simultaneous growth in both revenue and net profit, benefiting from the surge in AI computing demand.
Innovation is reflected not only in the vigorous expansion of strategic emerging industries but also in the transformation of traditional industries empowered by technology. In the first half of the year, traditional sectors such as non-ferrous metals and electrical equipment recorded substantial jumps in net profit, signaling that China's economy has entered a new phase of high-quality development.
Stability serves as the foundation, innovation as the engine, and progress as both the direction and the outcome. Three key observations emerge from this mid-year report card.
First, the earnings quality of the A-share market continues to improve. Among the 5,548 companies, 771 reported net profit growth exceeding 100%, while 89 companies achieved year-on-year growth of over 100% in both revenue and net profit. Companies on the ChiNext board posted a combined 32.73% increase in first-half net profit, with both revenue and profitability accelerating in tandem. Leading companies are outpacing the pack—the 24 ChiNext-listed companies with a market capitalization above 100 billion yuan saw their net profit climb 62.98% year-on-year, significantly outperforming the board's average.
Second, the A-share market is stepping up rewards for investors. The trend toward normalized interim dividends continues to strengthen. As of August 30, more than 800 listed companies had announced interim dividend plans for 2026, with central and state-owned enterprises along with high-quality technology growth companies leading the way. Listed companies are returning tangible value to investors, thereby boosting market confidence.
Third, the optimization of the A-share market structure is accelerating. Strategic emerging industries are leading the overall picture, with continuous upgrading of sector and industrial structures. Among the 311 Beijing Stock Exchange companies that disclosed interim results, 70% reported year-on-year revenue growth, with 43 companies posting revenue gains exceeding 30%. High-opportunity tracks such as new materials, new energy, and electronic information manufacturing have performed particularly well.
This mid-year report card from A-share companies serves both as a record of achievements and a vivid illustration of China's economy moving toward innovation, excellence, and high-quality development. It demonstrates that the fundamentals of the Chinese economy remain solid, its innovation momentum is ample, and its direction is clear. As the cornerstone of the real economy and the main force of industrial upgrading, listed companies are injecting strong momentum into the nation's high-quality economic development through their steady operations and innovative breakthroughs.
Comments