China's listed firms see steady revenue growth in 2018

BEIJING - Listed companies in China's A-share market saw steady growth in operation revenue in 2018, according to the country's two major bourses.

Out of the 1,468 listed companies on the Shanghai Stock Exchange (SSE), 1,466 had disclosed their 2018 financial information by the end of April, raking in 33.5 trillion yuan ($4.97 trillion) last year, up 11 percent year-on-year, according to a report released Sunday by the SSE.

Net profits of Shanghai-listed firms totaled 2.8 trillion yuan, up 4 percent year-on-year.

Those in the real economy sector saw their revenue and net profit growth at 13 percent and 7 percent year-on-year respectively in 2018, the SSE report showed.

A report from the Shenzhen Stock Exchange revealed that 2,156 of the 2,159 listed firms on the exchange had disclosed their annual financial information, raking in 11.95 trillion yuan in revenue, up 13.33 percent year-on-year.