China Stocks Jump on Positive Industrial Profit Growth

MT Newswires Live03-27

Chinese equities made gains at the close of the trading week as sentiment was uplifted over the growth of domestic industrial profits.

The Shanghai Composite Index added 0.6%, or 24.64 points, to cap Friday's trade at 3,913.72. The Shenzhen Component Index jumped 1.1%, or 153.93 points, to 13,760.37.

The profits of China's industrial enterprises jumped 15.2% year on year to 1.024 trillion yuan in January and February, according to the National Bureau of Statistics, despite the risks brought by the ongoing Middle East conflict.

Among industries, profits of the computer manufacturing industry rose two-fold from a year earlier, while those of the non-ferrous metal industry grew 1.5-fold.

In corporate news, Hubei Dinglong (SHE:300054) skyrocketed 17.3% after its 2025 attributable net profit climbed 38% year on year to 720.2 million yuan.

Wuxi Chemical Equipment (SHE:001332) rose 3.3% after passing Saudi Aramco's supplier qualification certification for two products.

Huadong Medicine (SHE:000963) jumped 5.9% after its unit, Sino-American East China, received approval from China's National Medical Products Administration for the clinical trial of HDM2024 for injection.

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