Ninety percent of companies listed on the Beijing Stock Exchange have submitted their mid-year reports: Nearly half of them have seen an increase in net profit, and 23 companies have generated revenue of over 1 billion yuan in the first half of the year.

Summary of Key Findings

The disclosure of 2026 mid-year reports by companies listed on the Beijing Stock Exchange (BSE) and the New Third Board (NTHB) is nearing completion, with over 90% of the companies having released their reports. The overall performance shows a mix of strengths and disparities: more than 70% of BSE-listed companies have seen revenue growth, and nearly 50% have experienced profit growth, with the BSE 50 Index companies serving as a stabilizing force for overall performance. On the NTHB, several companies with revenues in the tens of billions have emerged, particularly in the technology sector, although some companies have experienced declining performance.

1. Overall Performance of the BSE: 70% of Companies See Revenue Growth, but Only Half Have Profit Growth

As of August 27, 311 BSE companies (90% of the total) have submitted their mid-year reports, with combined revenue of 117.7 billion yuan and profits of 8.88 billion yuan. Seventy percent of these companies reported year-on-year revenue growth (219 companies), but only 50% (149 companies) reported profit growth. In simple terms, while most companies have sold more products, only half of them have been able to increase their profits. Notably, 23 companies have revenues exceeding 1 billion yuan (for example, Yino Wei with 4.6 billion yuan and Tongli Shares with 3.55 billion yuan), and 21 companies have profits exceeding 100 million yuan (including Tongli Shares and Changying Hard Technology, with four companies earning over 300 million yuan).

2. BSE 50 Index Companies: The Pillar of BSE Performance

The BSE 50 Index represents the top-performing companies on the BSE. The 43 companies that have released their mid-year reports continue to play a crucial role in stabilizing overall performance. The top three in terms of revenue—Yino Wei, Tongli Shares, and Anda Technology—are all members of the BSE 50 Index and have achieved both revenue and profit growth (with revenues exceeding 3 billion yuan each). The stable performance of these leading companies is vital for the overall health of the BSE market.

3. Significant Performance Disparities

There is a wide range of performance among BSE-listed companies:

• Companies with Dramatic Growth: Seven companies have seen their revenue double, and three have experienced profit growth of more than 10 times (Hanwei Technology, Xujie Technology, and Changying Hard Technology).
• Companies That Turned Losses into Profits: Hanwei Technology, which lost nearly 800,000 yuan in the first half of last year, earned 12.1 million yuan this year due to increased orders and sales.
• Companies with Declining Performance: Companies such as Chuangyuan Xinke and Qilu Huaxin have seen both revenue and profit declines, indicating that some are facing operational challenges.

4. The NTHB as a Reserve Force: Companies with Revenues in the Tens of Billions, with Strong Performance in Technology

The NTHB serves as a preparatory stage for companies before listing on the BSE. Of the 5,200 NTHB companies (90% of the total) that have released their mid-year reports:

• Revenue Leaders: Five companies have revenues exceeding 10 billion yuan (such as Gangyin E-commerce with 38.1 billion yuan and Guangzhou Medicine with 30.4 billion yuan).
• Profit Performance: Sixty companies have profits exceeding 100 million yuan.
• Outstanding Performance in Technology: Companies in the semiconductor, intelligent manufacturing, and new energy sectors have performed well. For example, Jiaye Energy has seen its revenue increase by nearly 30 times (from 400,000 yuan to 4.06 million yuan) and has turned a profit after transitioning to new business areas.

5. Future Highlights: Outstanding Companies Yet to Release Reports

Several well-known companies on the BSE, such as Betray (a leader in new energy materials) and Jigang Precision (automotive components), have not yet released their mid-year reports. Their performance could significantly impact the overall BSE figures and is worth monitoring.

In summary, the mid-year reports from the BSE and NTHB indicate that small and medium-sized enterprises are generally recovering, but the performance gap is widening. The top companies and the technology sector are showing greater resilience.