BEIJING - Net profits of Chinese companies listed both in Shanghai and Shenzhen climbed more than 30 percent in 2010 from a year earlier, as all companies have released their annual reports till April 30.

Related readings:  Chinese firms raise 1t yuan from A-share markets in 2010  80% of 758 listed companies see profit growth  Profits of industrial firms up 32% in Q1  China to encourage dividend distribution

Data from the Shanghai Stock Exchange shows that the profits of companies listed in Shanghai climbed 37.25 percent from 2009 to 1,416.8 billion yuan ($218 billion).

Only 55 companies, or 6.07 percent of all companies listed in Shanghai reported losses in 2010, down 6.83 percentage points from 2009.

Companies listed in Shenzhen registered a total profits of 248.63 billion yuan last year, up 38.08 percent from 2009.