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As of 8: 00 p.m. on April 29th, 5075 of the 5361 A-share listed companies have completed the 2023 annual report disclosure. Of these, 3208 companies were profitable, accounting for 63%Freevideojokerpoker.21%; overall revenue increased by 1% over the same period last yearFreevideojokerpoker.64% reached nearly 70 trillion yuan
◎ reporter Wen Ting
At the time of the introduction of the new "National Nine articles", the 2023 annual report disclosed by A-share listed companies conveys positive innovation, momentum to new tenacity and vitality.
According to the statistics of the Shanghai Securities News, as of 8: 00 p.m. on April 29th, 5075 of the 5361 A-share listed companies have completed the 2023 annual report disclosure. Of these, 3208 companies made profits, accounting for 63.21%; overall revenue (comparable, the same below) increased by 1.64% over the same period last year to nearly 70 trillion yuan, net profit decreased by 2.78%, and net operating cash flow increased by 6.27%.
Although performance growth over the past year was under pressure, listed companies quickly adjusted their operating pace and their performance picked up significantly in the first quarter of 2024. As of 8: 00 p.m. on April 29th, among the 5035 listed companies that have disclosed their quarterly reports, the number of profits has reached 3884, accounting for 77.14%. More and more listed companies inject new vitality into their high-quality development with new quality productivity and bring strong confidence to the capital market with steady returns.
Long-term layout of keeping correct, innovating, improving quality and increasing efficiency
In 2023, the market environment continues to undergo profound changes, and listed companies move forward all the way. "Mid-stream attack" and "forge ahead" has also become a key word in the annual reports of many listed companies to shareholders in 2023, conveying enterprises' determination to face challenges and confidence in integrity and innovation.
According to statistics, the 5075 companies that have disclosed their annual reports achieved a total operating income of nearly 70 trillion yuan (69.93 trillion yuan) in 2023, an increase of 1.64 percent over the same period last year, accounting for 55.48 percent of China's GDP in that year; a total net profit of 5.25 trillion yuan, down 2.78 percent over the same period last year; and net operating cash flow of 14.87 trillion yuan, an increase of 6.27 percent over the same period last year.
Among them, 1144 companies achieved a year-on-year increase in net profit of more than 20% in 2023, accounting for 22.54%. Net profit increased by more than 50% year-on-year, doubled to 283, and another 347 A-share companies turned losses into profits. the number of companies that achieved year-on-year net profit growth (including turning losses into profits) reached 2332, accounting for 45.95%.
Driven by the multiple policies of promoting consumption, stabilizing the market and strengthening confidence, the net profits of social services, trade and retail, textile and clothing, beauty care, media, transportation, automobile and other industries all exceeded the year-on-year growth rate in 2023.Freevideojokerpoker30%.
Take the tourism sector as an example, since 2023FreevideojokerpokerChina's domestic tourism market shows a strong recovery momentum, driving the accelerated recovery of airport and hotel demand, showing the vitality of increasingly active domestic consumption. Dalian Shengya, Jiuhua Tourism, Guilin Tourism, China Youth Travel, Shanghai Airport, Shenzhen Airport and other companies turned losses into profits, and the net profit of Lijiang shares increased by 60 times.
In 2024, the tourism industry continues to grow unabated. Jiuhua Tourism is expected to have an operating income of 748 million yuan and a net profit of 175 million yuan. On the basis of 691.14% increase in net profit in 2023, Jinjiang Hotel plans to open 1200 new hotels and sign up 2500 new hotels in 2024, with an estimated operating income of 15.4 billion yuan to 16 billion yuan, an increase of 5 to 9 percent over the same period last year.
In addition, benefiting from the rising prosperity of the industry, the power equipment industry chain has received a lot of good news. Pinggao Electric, Changgao Dianxin, Shenma Electric and other companies have doubled or even multiplied their net profits. Technology companies in the field of new energy vehicles and electronics have also performed well, and a number of companies have joined the "10 billion net profit Club". A number of operating data of BYD, Midea and other leading enterprises have reached record highs.
Stable performance growth, but also for listed companies to increase dividends, positive returns to investors to add more strength. Data show that from 2018 to 2023, the total cumulative cash dividends of listed companies increased from about 1.2 trillion yuan to about 2.2 trillion yuan, and has exceeded 2 trillion yuan for two consecutive years from 2022 to 2023.
Build up the potential for new R & D investment to increase year by year
High-quality development still depends on scientific and technological innovation. At the beginning of 2024, a number of listed companies, such as Gree Electric Appliances and BOE, have launched "double improvement of quality and return" action plans, and more listed companies are building up the potential to cultivate new quality productivity and increase R & D investment and scientific and technological innovation.
In 2023, the total R & D expenditure of A-share listed companies reached 1.58 trillion yuan, an increase of 4.67% over the same period last year. As a gathering place for hard-tech enterprises, the R & D investment of Science and Technology Innovation Board listed companies continued to remain at the order of 100 billion, rising from 130.944 billion yuan in 2022 to 148.949 billion yuan in 2023, an increase of 13.75% over the same period last year. More leading enterprises show the development trend of R & D investment and proportion increasing year by year.
In terms of different industries, R & D expenditure in sectors such as computers, electronics, medicine and biology, machinery and equipment, and social services accounted for more than 5% of business income in 2023. Data show that in the past five years, Midea has invested more than 50 billion yuan in research and development, accounting for more than 3.5 per cent of annual revenue.
BOE insists on investing about 7% of its revenue in R & D every year, of which 1.5% is spent on basic and cutting-edge technology research, and has become a global leader in R & D investment in semiconductor display. On the basis of adhering to the "independent research and development of core technology", Gree Electric Appliances adheres to the concept of "no upper limit on investment according to demand" and sets up a technological innovation system of "enterprise-oriented, market-oriented, industry-university-research combination".
Innovative R & D helps science and technology start-up enterprises grow rapidly. As of the evening of April 24, Science and Technology Innovation Board had made profits and picked "U" from a total of 19 unprofitable enterprises at the time of listing, accounting for 35% of the total number of unprofitable enterprises at the time of listing. And a large amount of R & D investment has also laid the foundation for the long-term development of non-profit enterprises. For example, Shenzhou Cell achieved an operating income of 613 million yuan and a net profit of 74.1974 million yuan in the first quarter of 2024, turning losses into profits. The company expects that the progress of domestic substitution and internationalization of the industry will continue to accelerate in 2024. It will continue to invest in research and development with no less than 25% of the estimated annual product sales revenue.
Blossom more quickly in the first quarter of this year
In 2023, private enterprises burst into vitality, achieving business income of 15.68 trillion yuan (comparable), an increase of 5.75% over the same period last year, of which overseas income reached 3.33 trillion yuan. From a sub-industry point of view, the overseas layout of enterprises in the fields of power equipment, new energy and automobiles is very dynamic, and the proportion of business is further increased, which is expected to become a new growth pole in 2024 and drive the joint growth of the upstream and downstream of the industrial chain.
Data show that more than 3000 listed companies have disclosed overseas business income. The overseas income of these companies has increased by more than 400 billion yuan in 2023, and many companies have achieved large-scale overseas income or even turned losses into profits. Among them, the overseas income of leading companies such as Lixun Precision, BYD, Midea, Haier Zhijia and Ningde Times have all exceeded the 100 billion yuan mark.
In addition, state-owned central enterprises are also actively exploring overseas opportunities. With the acceleration of domestic head enterprises to "go out", a number of enterprises such as Dianke Digital have a new situation that the growth rate of overseas business income is higher than that of domestic business in 2023. On the basis that all four overseas companies have made profits, Dianke figures expect a good trend of overseas business development in 2024.
Chunjiang water is warm, although the annual report of 2023 is under pressure, but more companies in the first quarterly report of 2024 revealed a positive signal that revenue rebounded quarter by quarter and performance accelerated.
As of 8: 00 p.m. on April 29th, among the 5035 listed companies that have disclosed their quarterly reports, the number of profits has reached 3884, accounting for 77.14%. Among them, Science and Technology Innovation Board's revenue in the first quarter increased by 3.20% over the same period last year to 275.408 billion yuan. In terms of industries, the net profits of electronics, light industry manufacturing, agriculture, forestry, animal husbandry and fishing all increased by more than 50% in the first quarter of 2024 compared with the same period last year. The strong recovery momentum of a number of industrial racing tracks in the first quarter will also lay a good foundation for the operation and development of listed companies in 2024.